Exercise 4-2 (Algo) Equivalent Units of Production-Weighted Average Method (LO 4-2] Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Materials Conversion 90% 60% 73% 50% Units 51,000 37,000 Work in process, October 1 Work in process, October 31 The department started 394,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for October. Materials Conversion Equivalent units of production