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 Percent Completed
Clonex Labs, Incorporated, uses the weighted-average 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 | 52,000 | 90% | 55% |
| Work in process, October 31 | 30,000 | 74% | 49% |
The department started 387,000 units into production during the month and transferred 409,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
Exercise 5-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 5-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: The department started 387,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October
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