EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [L04-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one depart- ment for October: Work in process, October 1. Work in process, October 31. Units 30,000 15,000 Percent Completed Materials 65% 80% Conversion 30% 40% The department started 175,000 units into production during the month and transferred 190,000 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.

EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [L04-2] Clonex Labs, Inc.., uses a process costing system. The following data are available for one department for October: The department started 175,000 units into production during the month and transferred 190.000 completed units to the next department. Required: Compute the equivalent units of produetion for October assuming that the company uses the weighted-average method of accounting for units and costs