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.
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