Please answer the following questions free of plagiarism.

1.However, there is a fourth account that is necessary in any manufacturing environment. It is titled "Manufacturing Overhead." What is the purpose of this account? What balance should the account have at the end of an accounting period? Why?

2.EXERCISE 4-2 Computation of Equivalent UnitsWeighted-Average Method [LO4-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October: 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.

units materials conversion

work in process oct 1 30000 65% 30%

oct 31 15000 80% 40%