Exercise 4-2 (Algo) Equivalent Units of Production- Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the...

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Exercise 4-2 (Algo) Equivalent Units of Production- Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units Percent Completed Materials 54,000 85% Conversion 60% 39,000 68% 51% The department started 394,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion Exercise 4-2 (Algo) Equivalent Units of Production- Weighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Work in process, October 1 Work in process, October 31 Units Percent Completed Materials 54,000 85% Conversion 60% 39,000 68% 51% The department started 394,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion