Exercise 4-6 Equivalent Units of Production-Weighted-Average Method [LO4-2] High

Question

Exercise 4-6 Equivalent Units of Production-Weighted-Average Method [LO4-2] Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Percent Completed Labor and Tons of Pulp Materials Overhead Work in process, June 1 Work in process, June 30 Started into production during June 81,600 50,300 301,300 89 % 43 % 23 % 17% 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of tons of pulp completed and transferred out during June. Tons completed and transferred out

Explanation / Answer

a) Number of tons completed and transferred out = (81600+301300-50300) = 332600

b) Equivalent unit of production :

Material Labour and overhead Tons transferred out 332600 332600 Ending work in process 50300*43%=21629 50300*17%=8551 Total equivalent unit of production 354229 341151

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