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 Conversion Units 50,000 28,000 Materials 90% 69% 60% 50% The department started 390,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion