Highlands Company uses the weighted-average method in itsprocess costing system. It processes wood pulp for variousmanufacturers of paper products. Data relating to tons of pulpprocessed during June are provided below:
| | Percent Completed |
| Tons of Pulp | Materials | Labor and Overhead |
| Work in process, June 1 | 80,000 | 81 | % | 29 | % |
| Work in process, June 30 | 51,100 | 41 | % | 16 | % |
| Started into production during June | 300,800 | | | | |
|
Required:
1. Compute the number of tons of pulp completed and transferredout during June.
2. Compute the equivalent units of production for materials andfor labor and overhead for June.
