Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Unita 54,000 27,000 Equivalent units of production The department started 387,000 units into production during the month and transferred 414,000 completed units to the next department. Materials Percent Completed Conversion 65% 53% Materials 901 67% Required: Compute the equivalent units of production for October Conversion

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Chapter1: Financial Statements And Business Decisions
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Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one
department for October:
Work in process, October 1
Work in process, October 31
Percent Completed
Conversion
65%
53%
Unita Materials
54,000
90%
27,000
67%
The department started 387,000 units into production during the month and transferred 414,000 completed units to the next
department.
Equivalent units of production
Required:
Compute the equivalent units of production for October.
Materials Conversion
Transcribed Image Text:es Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Conversion 65% 53% Unita Materials 54,000 90% 27,000 67% The department started 387,000 units into production during the month and transferred 414,000 completed units to the next department. Equivalent units of production Required: Compute the equivalent units of production for October. Materials Conversion
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