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
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 || 55,000 90% 65%
Work in process, October 31 || 37,000 73% 48%
The department started 392,000 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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