Exercise 5-2 Equivalent Units of Production-Weighted Average Method [LO5-2] 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 Units Materials Conversion Work in process, October 1 52,000 90% 65% Work in process, October 31 29,000 45% 74% The department started 384,000 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