Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data...
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Accounting
Clonex Labs, Inc., uses the weighted-average 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 | 51,000 | 90 | % | 60 | % |
| Work in process, October 31 | 37,000 | 66 | % | 47 | % |
The department started 397,000 units into production during the month and transferred 411,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
| Materials | Conversion | |
| Equivalent units of product | ||
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