Exercise 5-2 (Algo) Equivalent Units of Production-Weighted-Average Method [LO 5-2] Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Work in process, October 1 Work in process, October 31 Units 49,000 29,000 Materials Conversion 95% 75% 55% 45% The department started 392,000 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 Exercise 5-6 (Algo) Equivalent Units of Production-Weighted-Average Method [LO5-2] Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Work in process, June 1 Work in process, June 30 Started into production during June Required: Percent Completed Tons of Pulp 80,000 51,000 Materials 89% Labor and Overhead 26% 44% 17% 301,600 1. Compute the number of tons of pulp completed and transferred out during June. 2. Compute the equivalent units of production for materials and for labor and overhead for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of tons of pulp completed and transferred out during June. Tons completed and transferred out < Required 1 Required 2 > Exercise 5-6 (Algo) Equivalent Units of Production-Weighted-Average Method [LO5-2] Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Work in process, June 1 Work in process, June 30 Started into production during June Required: Percent Completed Tons of Pulp 80,000 Materials 89% Labor and Overhead 26% 51,000 44% 17% 301,600 1. Compute the number of tons of pulp completed and transferred out during June. 2. Compute the equivalent units of production for materials and for labor and overhead for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the equivalent units of production for materials and for labor and overhead for June. Materials Labor and Overhead Equivalent units of production < Required 1 Required 2 >