Question: Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October: Percent Completed Units

Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October:

Percent Completed
Units Materials Conversion
Work in process, October 1 30,000 65 % 30 %
Work in process, October 31 15,000 80 % 40 %

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

Required:

Compute the equivalent units of production for materials and conversion for October.

Materials Conversion

Equivalent units of production

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