Question: Clonex Labs, Incorporated, uses the weighted average method in its process costing system. The following data are available for one department for October Units 47,000

Clonex Labs, Incorporated, uses the weighted average method in its process costing system. The following data are available for one department for October Units 47,000 38,000 Percent Completed Materials Conversion 55% 90% Work in process, October 1 Work in process, October 31 66% 49% The department started 405,000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion

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