Question: Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent CompletedUnitsMaterialsConversionWork in
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October:
Percent CompletedUnitsMaterialsConversionWork in process, October 151,00090%65%Work in process, October 3132,00066%54%
The department started 388,000 units into production during the month and transferred 407,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
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