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 46,000 90 % 55 % Work in process, October 31 31,000 70 % 47 % The department started 395,000 units into production during the month and transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production: Materials: Conversion:
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 46,000 90 % 55 % Work in process, October 31 31,000 70 % 47 % The department started 395,000 units into production during the month and transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production: Materials: Conversion:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 4-2 (Algo) Equivalent Units of Production—Weighted-Average Method [LO 4-2]
Clonex Labs, Inc., uses the weighted-average method in its
| Percent Completed | |||||
| Units | Materials | Conversion | |||
| Work in process, October 1 | 46,000 | 90 | % | 55 | % |
| Work in process, October 31 | 31,000 | 70 | % | 47 | % |
The department started 395,000 units into production during the month and transferred 410,000 completed units to the next department.
Required: Compute the equivalent units of production for October.
Equivalent units of production:|
Materials:
|
Conversion:
|
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