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 48,000 95 % 60 %
Work in process, October 31 25,000 66 % 48 %

The department started 392,000 units into production during the month and transferred 415,000 completed units to the next department.

Required:

Materials

Conversion

Equivalent units of production

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