Question: Clonex lab inc, uses a process costing system . the following dates are available for one department for October. computation of equivalent units - weighted

Clonex lab inc, uses a process costing system . the following dates are available for one department for October.

computation of equivalent units - weighted average method of 1 department.

Work in progress oct 1 30000 units 66% materials conversion 30%

work in progress oct 31 15000 units 80% materials conversion 40%

The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department.

Compute the equivalent units of production fro october assuming that the company uses the weighted average method?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Exercise 4-2 Computation of Equivalent Units-Weighted-Average Method [LO4-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: Percent...

Q:

Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: Clonex Labs, Inc., uses a process costing system. The following data are available...

Q:

Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The grease is produced in two processing departments: Refining and Blending. Raw materials are introduced...

Q:

A- B- Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 55% 66% 49% Units 49,000 37,000...

Q:

Evercise 4-2 Computation of Equlvalent Units-Weighted-Average Method [L04-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October Percent...

Q:

Exercise 4-2 Computation of Equivalent Units-Weighted-Average Method LO4-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October Percent...

Q:

I need assistance with my accounting questions. Attached is the file. Thank you. Week 3 Assignment Exercise 1: Schedules of Cost of Goods Manufactured and Cost of Goods Sold Primare Corporation has...

Q:

BRIEF EXERCISE 4-2 Computing Equivalent UnitsWeighted Average Cost Method [LO3 - CC11] Clonex Labs, Inc. uses a process costing system. The following data are available for one department for...

Q:

Computing Equivalent UnitsWeighted Average Cost Method [LO3 - CC11] Clonex Labs, Inc. uses a process costing system. The following data are available for one department for October: Percentage...

Q:

Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 ork in process, October ,...

Q:

Suppose f and g are functions such that: f(0) = 1, f(1) = 2, f(2)= 4, f(3) = 8 g(0) = 2, g(1) = 3, Find (f + g)(2) g(2) = 5. g(3) = 7

Q:

Find the irreducible components of the following algebraic sets inside A and A: (a) A = V(x + xy - y = xy = x+yx - y) (b) B= V(x - y-1, x-2-1) (c) C = V(x-yz, y-25). How many irreducible components...

Q:

Schedule 8 : Selling and Units sold Var S \ &A rate Budgeted variable S \ &A Depreciation Other S \ &A Budgeted fixed S \ &A Total budgeted S \ &A expense - Schedule 9 : Ending Finished goods Amt....

Q:

A 0.2-m3 rigid tank equipped with a pressure regulator contains steam at 2 MPa and 300C. The steam in the tank is now heated. The regulator keeps the steam pressure constant by letting out some...

Q:

A geothermal power plant uses geothermal water extracted at 160C at a rate of 440 kg/s as the heat source and produces 22 MW of net power. If the environment temperature is 25C, determine (a) The...

Q:

Determine the force created in the hydraulic cylinders EF and AD in order to hold the shovel in equilibrium. The shovel load has a mass W and a center of gravity at G. All joints are pin connected....

Q:

Computer directly the gravitational force on a unit mass at a point exterior to a homogeneous sphere of matter

Q:

A 62-kg bungee jumper jumps from a bride, she is tied to a bungee cord whose unstretched length is 12 m, and falls a total of 31m. (a) Calculate the spring stiffness constant k of the bungee cord,...

Q:

Multiple Choice Questions 1. One of the biggest drawbacks of newspaper advertising is A) lack of competition B) its size C) its short lifespan D) the expense of an individual newspaper E) its long...

Q:

Annoyance about a statement that has been made by somebody

Q:

6. Develop a circular model, with positive and negative feedback loops, showing the relationships between the following critical variables:

Q:

Self-confidence