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Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October
Clonex Labs, Incorporated, uses the weighted-average method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Percent Completed Units Materials 46,000 32,000 95% 66% Conversion 55% 54% The department started 393,000 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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