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: Work in process, October 1 Work in process, October 31 Percent Completed Units Materials $1,000 29,000 90% 72% Conversion 55 458 The department started 386,000 units into production during the month and transferred 408,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production Materials Conversion