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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 Percent Completed
Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Percent Completed Materials Conversion Work in process, October 1 49,000 90% 65% Work in process, October 31 29,000 71% 55% The department started 394,000 units into production during the month and transferred 414,000 completed units to the next department.
Required: Compute the equivalent units of production for October.
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