Question
Exercise 4-2 (Algo) Equivalent Units of ProductionWeighted-Average Method [LO 4-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data
Exercise 4-2 (Algo) Equivalent Units of ProductionWeighted-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:
| Units | Percent Completed | ||
|---|---|---|---|
| Materials | Conversion | ||
| Work in process, October 1 | 51,000 | 90% | 60% |
| Work in process, October 31 | 39,000 | 66% | 45% |
The department started 395,000 units into production during the month and transferred 407,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
Materials Conversion
Equivalent units of production
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
