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EXERCISE 9A-1 Computation of Equivalent Units-FIFO Method [LO6] Refer to the data for Clonex Labs, Inc., in Exercise 9-2 Required: Compute the equivalent units of
EXERCISE 9A-1 Computation of Equivalent Units-FIFO Method [LO6] Refer to the data for Clonex Labs, Inc., in Exercise 9-2 Required: Compute the equivalent units of production for October assuming that the company uses the FIFO method of accounting for units and costs EXERCISE 9-2 Computation of Equivalent Units-Weighted-Average Method [LO2] Clonex Labs, Inc., uses a ment for October: process costing system. The following data are available for one depart- Percent Completed Units Materials Conversion Work in process, October 1 Work in process, October 31 30,000 65% 30% 15,000 80% 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 method of accounting for units and costs
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