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 31,000 58% 33%
Work in process, October 31 13,000 78% 35%

The department started 173,000 units into production during the month and transferred 191,000 completed units to the next department.

Required:

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

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