(Answered) Weighted-average method hielta oy a finnish company

Accounting

Weighted-Average Method

Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below:

Percent Completed

Tons of Pulp Materials Labor and Overhead

Work in process, June 1 20,000 90% 80%

Work in process, June 30 30,000 60% 40%

Started into production during June 190,000

Required:

1. Compute the number of tons of pulp completed and transferred out during June.

2. Compute the equivalent units of production for materials and for labor and overhead for June.

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