Question: Can you explain how to get this answer? Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available
Can you explain how to get this answer?
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:
Percent CompletedUnitsMaterialsConversionWork in process, October 152,00090%60%Work in process, October 3136,00072%46%
The department started 395,000 units into production during the month and transferred 411,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:
Percent CompletedUnitsMaterialsConversionWork in process, October 152,00090%60%Work in process, October 3136,00072%46%
The department started 395,000 units into production during the month and transferred 411,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
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