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
	Units	Materials		Conversion
Work in process, October 1	49,000	95	%	55	%
Work in process, October 31	32,000	66	%	51	%

The department started 397,000 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.