6 MyPath Home Content O Managerial Accounting, Fifteenth x Answered: Exercise 4-2 Equivalen x O File | C:/Users/pse/Documents/managerial-accounting-15th-edition.pdf Managerial Accounting, Fifteenth Edition 203 / 795 Tiepare journar CnnCS to Tecoru iems (a) urougn (T) avove. EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [LO4-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one depart- ment for October: Percent Completed Units Materials Conversion Work in process, October 1 30,000 65% 30% Work in process, October 31 15,000 80% 40% 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 assuming that the company uses the weighted-average method of accounting for units and costs. 1:43 PM e Type here to search 3/31/2020 124

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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O Managerial Accounting, Fifteenth x
Answered: Exercise 4-2 Equivalen x
O File | C:/Users/pse/Documents/managerial-accounting-15th-edition.pdf
Managerial Accounting, Fifteenth Edition
203 / 795
Tiepare journar CnnCS to Tecoru iems (a) urougn (T) avove.
EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [LO4-2]
Clonex Labs, Inc., uses a process costing system. The following data are available for one depart-
ment for October:
Percent Completed
Units
Materials
Conversion
Work in process, October 1
30,000
65%
30%
Work in process, October 31
15,000
80%
40%
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 assuming that the company uses the
weighted-average method of accounting for units and costs.
1:43 PM
e Type here to search
3/31/2020
124
Transcribed Image Text:6 MyPath Home Content O Managerial Accounting, Fifteenth x Answered: Exercise 4-2 Equivalen x O File | C:/Users/pse/Documents/managerial-accounting-15th-edition.pdf Managerial Accounting, Fifteenth Edition 203 / 795 Tiepare journar CnnCS to Tecoru iems (a) urougn (T) avove. EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [LO4-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one depart- ment for October: Percent Completed Units Materials Conversion Work in process, October 1 30,000 65% 30% Work in process, October 31 15,000 80% 40% 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 assuming that the company uses the weighted-average method of accounting for units and costs. 1:43 PM e Type here to search 3/31/2020 124
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