Clonex Labs, Incorporated, uses the FIFO method in its process costing system. The following data are available for one department for October: Percent Completed Materials Units Conversion Work in process, October 1 Work in process, October 31 28,000 16,000 618 29% 798 35% The department started 169,000 units into production during the month and transferred 181,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October. Materials Conversion Equivalent units of production

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
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Clonex Labs, Incorporated, uses the FIFO method in its process costing system. The
following data are available for one department for October:
Percent Completed
Conversion
Units
Materials
Work in process, October 1
Work in process, October 31
28,000
16,000
61%
29%
798
35%
The department started 169,000 units into production during the month and transferred
181,000 completed units to the next department.
Required:
Compute the equivalent units of production for materials and conversion for October.
Materials
Conversion
Equivalent units of production
Transcribed Image Text:Clonex Labs, Incorporated, uses the FIFO method in its process costing system. The following data are available for one department for October: Percent Completed Conversion Units Materials Work in process, October 1 Work in process, October 31 28,000 16,000 61% 29% 798 35% The department started 169,000 units into production during the month and transferred 181,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October. Materials Conversion Equivalent units of production
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