Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of p

Question

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.

Explanation / Answer

1) Number of tons of pulp completed and transferred during june = 20000+190000-30000 = 180000 Tons

2) Equivalent unit :

Whole unit % EUP-Material % EUP-Labour & Overhead Unit completed and transferred out 180000 100% 180000 100% 180000 Ending work in process 30000 60% 18000 40% 12000 Total 21000 198000 192000

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