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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 Units
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 | |||||
Units | Materials | Conversion | |||
Work in process, October 1 | 53,000 | 95 | % | 55 | % |
Work in process, October 31 | 32,000 | 70 | % | 53 | % |
The department started 386,000 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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