Question: Clonex Labs, Incorporated, uses the FIFO method in its process costing system. The following data are available for one department for October: Percent Completed

Clonex Labs, Incorporated, uses the FIFO 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 Work in process, October 31 26,000 19,000 64% 30% 83% 38% The department started 171,000 units into production during the month and transferred 178,000 completed units to the next department Required: Compute the equivalent units of production for materials and conversion for October. Equivalent units of production Materials 236,410 Conversion

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