Please do not give solution in image format thanku Exercise 5-2 Equivalent Units of Production-Weighted-Average Method [LO5-2]Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for onedepartment for October:Work in process, October 1Work in process, October 31Percent CompletedUnits Materials46,00090%30,00068%Equivalent units of productionThe department started 391,000 units into production during the month and transferred 407,000 completed units to the nextdepartment.Required:Compute the equivalent units of production for October.Materials ConversionConversion65%50%

WEIGHTED AVERAGE METHOD :— Under this method, equivalent units are calculated by adding equivalent…

Exercise 5-2 Equivalent Units of Production-Weighted-Average Method [L Clonex Labs, Inc., uses the weighted-average method in its process costing system. The follow department for October: Work in process, October 1 Work in process, October 31 Units Materials 90% 68% 46,000 30,000 Equivalent units of production Percent Completed The department started 391,000 units into production during the month and transferred 407,0 department. Required: Compute the equivalent units of production for October. Materials Conversion Conversion 65% 50%

Exercise 5-2 Equivalent Units of Production-Weighted-Average Method [L Clonex Labs, Inc., uses the weighted-average method in its process costing system. The follow department for October: Work in process, October 1 Work in process, October 31 Units Materials 90% 68% 46,000 30,000 Equivalent units of production Percent Completed The department started 391,000 units into production during the month and transferred 407,0 department. Required: Compute the equivalent units of production for October. Materials Conversion Conversion 65% 50%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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