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 85% 65% 65% 53% Units 50,000 31,000 Work in process, October 1 Work in process, October 31 The department started 388.000 units into production during the month and transferred 407000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production