Exercise 5-2 (Algo) Equivalent Units of ProductionWeighted-Average Method [LO 5-2] Clonex Labs, Incorporated, uses the weighted average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 55% 71% 49% Units 49,000 34,000 Work in process, October 1 Work in process, October 31 The department started 392,000 units into production during the month and transferred 407,000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production