Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data...
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Accounting
Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for October:
| Percent Completed | |||||
| Units | Materials | Conversion | |||
| Work in process, October 1 | 31,000 | 61 | % | 30 | % |
| Work in process, October 31 | 17,000 | 76 | % | 43 | % |
The department started 168,000 units into production during the month and transferred 182,000 completed units to the next department.
Required:
Compute the equivalent units of production for materials and conversion for October.
Equivalent units of production Materials Conversion
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