Exercise 4-6 Equivalent Units of Production-Weighted Average Method (L04-2] 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 81,400 80 21 50,400 300,000 Work in process, June 1 Work in process, June 30 Started into production during June 168 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 Jone. 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 Exercise 4-8 Equivalent Units; Cost per Equivalent Unit; Assigning Costs to Units-Weighted-Average Method (L04-2, L04-3, LO4-4] Helix Corporation uses the weighted average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: Units 76,000 56.000 Work in process inventoryMay 1 Work in process inventory, May 31 Materials cost in work in process inventory. May 1 Conversion cost in work in process inventory. May 1 Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May Percent Complete Materials Conversion 100 100 $ 60.000 $ 17,00 258,000 278.000 $ 133, 720 $ 256,680 Required: 1. Calculate the first production department's equivalent units of production for materials and conversion for May. 2. Compute the first production department's cost per equivalent unit for materials and conversion for May. 3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion and in total for May