Question: Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in
| Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: |
| Percent Completed | |||
| Units | Materials | Conversion | |
| Work in process, October 1 | 45,000 | 90% | 55% |
| Work in process, October 31 | 35,000 | 74% | 52% |
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| The department started 402,000 units into production during the month and transferred 412,000 completed units to the next department. |
| Required: |
| Compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs. |
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