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

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

Units Percent Completed
Materials Conversion
Work in process, October 1 30,000 59% 34%
Work in process, October 31 12,000 79% 44%

The department started 179,000 units into production during the month and transferred 197,000 completed units to the next department.

Required:

Compute the equivalent units of production for materials and conversion for October.

Material. Conversion

Equivalent units of production

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