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 Materials

Clonex Labs, Inc., uses the FIFO method in its process costing

Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 58% 33% 77% 44% Units 34,000 14,000 Work in process, October 1 Work in process, October 31 The department started 177,000 units into production during the month and transferred 197,000 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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