Illustrative Problem. Manufacturing Applications of Process Costing Kenny Rodgers Company manufactures a product that goes through three departments. K, L and M. Information relating to activity in department K during October is given below: Percent Completed Units Work in process, October 1 50,000 Started into production 390.000 Completed and transferred to 410,000 Department Work in process, October 31 30.000 Materials Conversion 90 60 70 50 REQUIRED: 1. Compute the equivalent units for October, assuming that the company uses the weighted average method of accounting for units and costs 2. Compute the equivalent units of production for October, assuming that the company uses the FIFO method of accounting for units and costs