1. value: 30.00 points

Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:

Percent Completed

Units Materials Conversion Work in process, October 1 48,000 95% 60% Work in process, October 31 30,000 69% 50%

The department started 396,000 units into production during the month and transferred 414,000 completed units to the next department.

Required:

Compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.