Question: Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October Percent Completed Materials Conversion 95% 60% 72%

 Clonex Labs, Inc., uses a process costing system. The following data

Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October Percent Completed Materials Conversion 95% 60% 72% 52% Units 46,000 36,000 Work in process, October 1 Work in process, October 31 The department started 403,000 units into production during the month and transferred 413,000 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. Materials Conversion Equivalent units of production

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