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Exercise 5S-8 Equivalent Units of Production-FIFO Method [LO5S-6] Highlands Company uses the FIFO method in...

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Exercise 5S-8 Equivalent Units of Production-FIFO Method [LO5S-6] Highlands Company uses the FIFO 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 Materials Overhead 84% 86% 66% 40% Tons of Pulp 20,500 28,300 190, 200 Work in process, June 1 Work in process, June 30 Started into production during June 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 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the equivalent units of production for materials and for labor and overhead for June. Materials Labor and Overhead 193.720 Equivalent units of production 201,078

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