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

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

Percent Completed

Tons of Pulp Materials Labor and Overhead   Work in process, June 1 81,200     86% 24%   Work in process, June 30 51,500     43% 17%   Started into production during June 301,600     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

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

work in process june 1 81200

Add: Started into production during June. 301600

Less: work in process june 30. 51500

completed and transferred out during June 331300

Part B equivalent units of production for materials and for labor and overhead
equivalent units

Materials labor and overhead

Units transferred out 331300. 331300

Work in process ending

Materials (51500*43%). 22145

Labor overhead (51500*17%). 8755

Equivalent units of production. 353445 340055

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