Question
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 | % | 65 | % |
| Work in process, October 31 | 36,000 | 71 | % | 53 | % |
The department started 394,000 units into production during the month and transferred 411,000 completed units to the next department.
What is the Equivalent of production for Materials and Conversion?
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Audit And Assurance Principles And Practices In Singapore
Authors: Dr Ernest Kan
5th Edition
9814838136, 978-9814838139
