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

Clonex Labs, Incorporated, uses the weighted-average method in its process costing system.

Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 11 Work in process, October 31 Units 49,000 37,000 Equivalent units of production Percent Completed Conversion 60% 45% The department started 402,000 units into production during the month and transferred 414,000 completed units to the next department. Materials 90% 74% Required: Compute the equivalent units of production for October. Materials Conversion

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