Exercise 4-2 Computation of Equivalent Units-Weighted-Average Method [LO 4-2]

Clonex Labs, Inc., uses a process costing system. The following data are available for one department

for October:

Percent Completed

UnitsMaterialsConversionWork in process, October 130,00065%30%Work in process, October 3115,00080%40%

The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department.

Required:Compute the equivalent units of production for October, assuming that the company uses the weighted-average