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 Units

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 32,000 62% 35% Work in process, October 31 17,000 76% 40% The department started 178,000 units into production during the month and transferred 193,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October. Materials Conversion Equivalent units of production

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