Exercise 4-2 (Static) Equivalent Units of ProductionWeighted- 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 65% 30% 80% 40% Units 30,000 15,000 Work in process, October 1 Work in process, October 31 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. Materials Conversion Equivalent units of production