Exercise 4-2 Equivalent Units of Production-Weighted-Average Method [LO 4-2] 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 Materials Conversion Units Work in process, October 1 Work in process, October 31 46,000 85 65% 40,000 718 53 The department started 408,000 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. Materials Conversion Equivalent units of production 405,300 403,300