EXERCISE 4-2 Equivalent Units of Production-Weighted-Average Method L04-2 Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Work in process, October 1 Work in process, October 31 Units Materials Conversion 30,000 15,000 65% 80% 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. EXERCISE 4-3 Cost per Equivalent Unit-Weighted-Average Method LO4-3 Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below Materials Labor Overhead $18,000 $5,500 $27,500 $238,900 $80,300 $401,500 Equivalent units of production 35,000 33,000 33,000 Work in process, May1 Cost added during May Required Compute the cost per equivalent unit for materials, labor, overhead, and in total