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 46,000 90% 55% Work in process, October 31 33,000 66% 47% The department started 393,000 units into production during the month and transferred 406,000 completed units to the next department. Required: Compute the equivalent units of production for October.
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