Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hielta oy, a finnish company, processes wood pulp

Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating...

Free

90.2K

Verified Solution

Question

Accounting

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

  

Percent Completed

Tons of PulpMaterialsLabor and Overhead
  Work in process, June 181,700    82%25%
  Work in process, June 3051,900    46%17%
  Started into production during June300,600    

  

Required:
1.

Compute the number of tons of pulp completed and transferred outduring June.

  

  

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

Answer & Explanation Solved by verified expert
4.2 Ratings (791 Votes)

1) Calculation of number of tons of pulp completed & transferred
particulars amount
Work in process june 1 $                   81,700.00
Add: Started in production june $               3,00,600.00
less: Work in process june 30 $                   51,900.00
tons completed & transferred $               3,30,400.00
2) calculation of equivalent unit of production
Particulars Material Labour & OH
Completed & transferred $       3,30,400.00 $               3,30,400.00
WIP ending $          23,874.00 $                     8,823.00
equivalent unit of production $       3,54,274.00 $               3,39,223.00
Working
WIP - ending 51900*46% 51900*17%

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

USA Today reported that approximately 25% of all state prison inmates released on parole become repeat...

Basic Math
Q

Points 1 Identify the conductivity of sugar solution Question 6 1000 s cm O 10...

Biology
Q

Use graphs to find the set.(-6,6) n[-1,8]Select the correct choice below and, if necessary, fill...

Basic Math
Q

A fish farmer selects a sample of fish from one of the ponds in which...

Statistics
Q

Trey wants to buy a bond that will mature to 56000 in eight years. How...

Algebra
Q

Algebra Prep 2022 Kuta Software LLC All rights reserved EXTRA CREDIT Sum 1 Solve each...

Algebra
Q

Question 21 (1.25 points) Saved In terms of cost behavior, telephone expense and direct materials...

Accounting
Q

The controller of Above All Inc. (AA Inc.) provided you with the following selected information...

Accounting
Q

Which of the following best describes Simpsons Paradox

Accounting
Q

Part 1 and 2 Q 3-1. Pam Corporation...

Accounting
Q

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for...

Accounting
Q

Intro Treasury spot interest rates are as follows: Maturity (years) 1 2 3 4 Spot...

Finance