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 Completed Units
Clonex Labs, Inc., uses the weighted-average 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 46,000 95 % 55 % Work in process, October 31 31,000 71 % 51 % The department started 398,000 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
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