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Computing Equivalent UnitsWeighted Average Cost Method [LO3 - CC11] Clonex Labs, Inc. uses a process costing system. The following data are available for one department
Computing Equivalent UnitsWeighted Average Cost Method [LO3 - CC11] Clonex Labs, Inc. uses a process costing system. The following data are available for one department for October: Percentage Completed Units Materials Conversion Work in process, October 1 45,000 60% 70% Work in process, October 31 20,000 50% 20% The department started 175,000 units into production during the month and transferred 200,000 completed units to the next department. Required: Compute the equivalent units of production for October, assuming that the company uses the weighted average cost method of accounting for units and costs
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