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Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: ercent Comple Work in process, October 1
Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: ercent Comple Work in process, October 1 Work in process, October 31 Units Materials Conversion 48,000 85% 37,000 73% 65% 53% The department started 402,000 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, assuming that the company uses the weighted- average method of accounting for units and costs. Materials Conversion Equivalent units of production
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