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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: Percent Completed

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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: Percent Completed Materials Units Conversion Work in process, October 1 50,000 85% 55% Work in process, 30,000 69% 51% October 31 The department started 393,000 units into production during the month and transferred 413,000 completed units to the next department. Required: Compute the equivalent units of production for October. Answer is complete but not entirely correct. Equivalent units of production Materials Conversion 414,800 x 405,200

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