Question: Exercise 5-2 Equivalent Units of Production-Weighted Average Method [LO5-2] Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data

Exercise 5-2 Equivalent Units of Production-Weighted Average Method [LO5-2] Clonex Labs,

Exercise 5-2 Equivalent Units of Production-Weighted Average Method [LO5-2] 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 52,000 903 65% 32,000 743 553 Work in process, October 1 Work in process, October 31 The department started 389,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production

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