Question

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

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 81,000     83% 21%
  Work in process, June 30 50,600     41% 19%
  Started into production during June 301,000    

  

Required:
1.

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

  

Units completed and transferred out 331,400
2. Compute the equivalent units of production for materials and for labor and overhead for June.
Materials Labor and Overhead
Equivalent units of production
Business   Accounting   
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Homework Answers

Answer #1

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

Units completed and transferred out = 81000+301000-50600 = 331400 units

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

Physical unit % EUP-Materials % EUP-Labor and Overhead
Units completed and transferred out 331400 100% 331400 100% 331400
Ending work in process 50600 41% 20746 19% 9614
Total 382000 352146 341014
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