Question: Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process,

 Clonex Labs, Inc., uses the weighted-average method in its process costing

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October Work in process, October 1 Work in procean, October 31 Units 53,000 29,000 Percent Completed Materials Conversion 85 601 741 490 The department started 389,000 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 Materials Conversion Equivalent units of production

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