Question: Clonex Labs uses a process costing system. The following data are available for one department for October: Units Percent Materials Completed Conversion Work In process,

Clonex Labs uses a process costing system. The following data are available for one department for October:

Units Percent Materials Completed Conversion

Work In process, October 1st 48,000 90% 55%

Work In process, October 31st 25,000 66% 46%

The department started 391,000 units into production during the month and transferred 414,000 completed units to the next department.

Required: compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.

Materials Conversion

Equivalent units of production

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