How do I calculate what is completed and transferred out?
How do I calculate what is completed and transferred out?
I cannot figure out how to calculate what has been transferred out based on the problem below. Any feedback would be appreciated. I have a test coming up and want to understand how to calculate this.
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:
How do I calculate what is completed and transferred out?
Percent Completed Tons of Pulp Materials Labor and Overhead Work in process, June 1 20,000 90% 80% Work in process, June 30 30,000 60% 40% Started into production during June 190,000
Required: 1.
Compute the number of tons of pulp completed and transferred out during June.
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