Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units 49,000 31,000 Materials 95% 65% Conversion 55% 54% The department started 390,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one
department for October:
Percent Completed
Units
Materials
49,000
31,000
95%
65%
Conversion
55%
54%
Work in process, October 1
Work in process, October 31
The department started 390,000 units into production during the month and transferred 408,000 completed units to the next
department.
Required:
Compute the equivalent units of production for October.
Equivalent units of production
Materials
Conversion
Transcribed Image Text:Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Percent Completed Units Materials 49,000 31,000 95% 65% Conversion 55% 54% Work in process, October 1 Work in process, October 31 The department started 390,000 units into production during the month and transferred 408,000 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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