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

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 52,000 85 % 55 %
Work in process, October 31 31,000 70 % 48 %

The department started 391,000 units into production during the month and transferred 412,000 completed units to the next department.

Required:

Compute the equivalent units of production for October.

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 Materials Conversion 85% 55% 70% 48% Units 52,000 31,000 Work in process, October 1 Work in process, October 31 The department started 391,000 units into production during the month and transferred 412,000 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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