Clonex Labs, Incorporated, weighted-average method in its process costing system. The following data are available for one department for October: Units Materials Conversion Work in process, October 1 Work in process, October 31 53,000 uses the Percent Completed 90% 26,000 69% 55% Required: Compute the equivalent units of production for October. 52% The department started 382,000 units into production during the month and transferred 409,000 completed units to the next department.
Clonex Labs, Incorporated, weighted-average method in its process costing system. The following data are available for one department for October: Units Materials Conversion Work in process, October 1 Work in process, October 31 53,000 uses the Percent Completed 90% 26,000 69% 55% Required: Compute the equivalent units of production for October. 52% The department started 382,000 units into production during the month and transferred 409,000 completed units to the next department.
Chapter1: Financial Statements And Business Decisions
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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
Materials Conversion
Work in
process,
October
1
Work in
process,
October
31
Percent
Completed
53,000 90%
26,000 69%
55%
Required:
Compute the equivalent units of
production for October.
52%
The department started 382,000 units
into production during the month and
transferred 409,000 completed units to
the next department.
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