Question: Clonex Labs, Inc, uses a process costing system. The following data are available for one department for October Units Materials Conversion Work in process, October
Clonex Labs, Inc, uses a process costing system. The following data are available for one department for October Units Materials Conversion Work in process, October 1, 51,000 95%- work in process, October 31, 32,000-70% 60% 54% The department started 390,000 units Into production during the month and transferred 409,000 completed units to the hext department Required: Compute the equivalent units of prodaction for October assuming that the company uses the weighted-average method of accounting for units and costs Materials Conversion Equivalent units of production
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