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Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Work in
Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Work in process, October 1 52,000 Work in process, October 31 32,000 The department started 395,000 units into production during the month and transferred 415,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Percent Completed Materials Conversion 60% 50% 90% 73% Materials Conversion
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