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 53,000 90% 65%
Work in process, October 31 31,000 72% 46%

The department started 388,000 units into production during the month and transferred 410,000 completed units to the next department.

Required:

Compute the equivalent units of production for October.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!