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

Clonex Labs, Incorporated, uses the FIFO method in its process costing

Clonex Labs, Incorporated, uses the FIFO method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units 26,000 16,000 Percent Completed Materials Conversion 59% 26% 81% 36% The department started 174,000 units into production during the month and transferred 184,000 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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