Question: 5 Clonex Labs, Inc, uses the weighted-average method in its process costing system. The following data are available for one department for October Percent Completed

 5 Clonex Labs, Inc, uses the weighted-average method in its process
costing system. The following data are available for one department for October

5 Clonex Labs, Inc, uses the weighted-average method in its process costing system. The following data are available for one department for October Percent Completed Units Materials Conversion Work in process, October 1 52,000 90N 65 Work in process, October 31 30,000 714 46 Print The department started 385,000 units into production during the month and transferred 407000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production 6 Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below. Materials Conversion Equivalent units in ending work in process inventory 2,190 950 Cost per equivalent unit $ 14.06 $6.33 Print A total of 20,800 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total, 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total (For all requirements, round your final answers to the nearest whole dollar amount.) Materials Conversion Total Cost of ending work in process inventory 2. Cost of units transferred out

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