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 Percent Completed Units 47,000 35,000 Materials 901 74% Conversion 60% 464 The department started 402,000 units into production during the month and transferred 414,000 completed units to the next department. Required: Compute the equivalent units of production for October Equivalent units of production Materials Conversion