Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hielta oy, a finnish company, processes wood pulp

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

Free

90.2K

Verified Solution

Question

Accounting

Hielta Oy, a Finnish company, processes wood pulp for variousmanufacturers of paper products. Data relating to tons of pulpprocessed during June are provided below:

  

Percent Completed

Tons of PulpMaterialsLabor and Overhead
  Work in process, June 181,700    82%25%
  Work in process, June 3051,900    46%17%
  Started into production during June300,600    

  

Required:
1.

Compute the number of tons of pulp completed and transferred outduring June.

  

  

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

Answer & Explanation Solved by verified expert
4.2 Ratings (791 Votes)

1) Calculation of number of tons of pulp completed & transferred
particulars amount
Work in process june 1 $                   81,700.00
Add: Started in production june $               3,00,600.00
less: Work in process june 30 $                   51,900.00
tons completed & transferred $               3,30,400.00
2) calculation of equivalent unit of production
Particulars Material Labour & OH
Completed & transferred $       3,30,400.00 $               3,30,400.00
WIP ending $          23,874.00 $                     8,823.00
equivalent unit of production $       3,54,274.00 $               3,39,223.00
Working
WIP - ending 51900*46% 51900*17%

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Which of the following observations would support part of the energy-diversity hypothesis? The total number of plants...

Physics
1.2K views

Two blocks are positioned on surfaces, each inclined at the same angle of 52.5 degrees with...

General Management
1.2K views

Participate in a discussion by explaining why we diverge from the Rational Choice Paradigm when identifying...

Geometry
1.2K views

8 2 Homework HW B W 1 Which statement correctly describes the angle bisector construction...

Geometry
1.2K views

5 A polygon has an interior angle sum of 2 520 How many sides does...

Basic Math
1.2K views

3 problem 3 2 6 b c e Find dfa s that accept the following...

Algebra
1.2K views

3 Find the distance between B and C 60 20 C B

Algebra
1.2K views

6 5 TE b Give the domain of f x Use interval notation 5 a...

Accounting
1.2K views

Financial data for Joel de Paris, Incorporated, for last year follow: The company...

Accounting
1.2K views

Problem 9-93A (Algorithmic) Preparing a Bond Amortization Table (Straight Line) On January 1, 2021, Distel...

Accounting
1.2K views

Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies....

Accounting
1.2K views

A call option is a right to repurchase a previously sold underlying security. force another...