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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 Work
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 Work in process, October 1 Work in process, October 31 Units Materials Conversion 29,000 18,000 82% 26% 36% 57% completed units to the next department. Required: Assuming the company uses the FIFO method, compute the equivalent units of production for materials and conversion for October. Materials Conversion Equivalent units of production
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