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 Work in process, October 1 45,000 95 60 Work in process October 31 29,000 71% 50 The department started 390,000 units into production during the month and transferred 406,000 completed units to the next department Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production