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 Work in process, October 1 51,000 Work in process, October 31 33,000 Conversion 90% 69% 55% 48% The department started 395,000 units into production during the month and transferred 413,000 completed units to the next department. Required: Compute the equivalent units of production for October.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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:
Materials
Work in process, October 1
Work in process, October 31
Units Percent Completed
Conversion
51,000
33,000
90%
69%
55%
48%
The department started 395,000 units into production during the month and transferred 413,000 completed units to the
next department.
Required:
Compute the equivalent units of production for October.
Transcribed Image Text:Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Materials Work in process, October 1 Work in process, October 31 Units Percent Completed Conversion 51,000 33,000 90% 69% 55% 48% The department started 395,000 units into production during the month and transferred 413,000 completed units to the next department. Required: Compute the equivalent units of production for October.
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