Compute the number of tons of pulp competed

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Debo Company uses the weighted average method in its process costing system. Data related to gallons of product processed during June are provided below:

                         Percent Completed            Gallons of product  Materials
Labor & Overhead

Work in Process August 1             140,000              40%                60%
Work in Process August 31             90,000              70%             30%
Started in production in August        1,200,000

Problem 1. Compute the number of tons of pulp competed and transferred out during August.

Problem 2. Compute the equivalent units of production for August for:

a. materials and

b. labor & overhead

Reference no: EM132655031

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