Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Work in process, October 1 52,000 Work in process, October 31 32,000 The department started 395,000 units into production during the month and transferred 415,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Percent Completed Conversion 60% 50% Materials Materials 90% 73% Conversion

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one
department for October:
Units
52,000
32,000
Equivalent units of production
Percent Completed
Conversion
60%
50%
Work in process, October 1
Work in process, October 31
The department started 395,000 units into production during the month and transferred 415,000 completed units to the next
department.
Materials
90%
73%
Required:
Compute the equivalent units of production for October.
Materials
Conversion
Transcribed Image Text:Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units 52,000 32,000 Equivalent units of production Percent Completed Conversion 60% 50% Work in process, October 1 Work in process, October 31 The department started 395,000 units into production during the month and transferred 415,000 completed units to the next department. Materials 90% 73% Required: Compute the equivalent units of production for October. Materials Conversion
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