Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data...
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Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Percent Completed Materials Conversion Work in process, October 1 52,000 90% 60% Work in process, October 31 29,000 71% 46% The department started 384,000 units into production during the month and transferred 407,000 completed units to the next department. Required: Compute the equivalent units of production for October
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