Question: lonex Labs, Inc., uses the weighted average method in its process costing ystem. The following data are available for one department for October: Work in
lonex Labs, Inc., uses the weighted average method in its process costing ystem. The following data are available for one department for October: Work in process, Octobe Work in process, October 31 Percent Completed Units Materials Conversion 51,000 95% 65% 31,000 72% 54 % The department started 388,000 units into production during the month and transferred 408,000 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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