Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] 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 Units Materials Conversion 52,000 60% 85% 39,000 71% 50% The department started 397,000 units into production during the month and transferred 410,000 completed units to the nex department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion

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Chapter1: Financial Statements And Business Decisions
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Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2]
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
Units Materials Conversion
52,000
85%
60%
39,000
71%
50%
The department started 397,000 units into production during the month and transferred 410,000 completed units to the next
department.
Required:
Compute the equivalent units of production for October.
Equivalent units of production
Materials
Conversion
Transcribed Image Text:Exercise 4-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 4-2] 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 Units Materials Conversion 52,000 85% 60% 39,000 71% 50% The department started 397,000 units into production during the month and transferred 410,000 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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