Exercise 5-2 Equivalent Units of Production-Weighted-Average Method (L05-2) Clonex Labs, Inc., 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 Conversion 47,000 85 605 39,000 70% 475 The department started 397,000 units into production during the month and transferred 405,000 completed units to the next department Required: Compute the equivalent units of production for October Materials Conversion Equivalent units of production