Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:
Units Materials Conversion Work in process, October 1 47,000 95% 55% Work in process, October 31 35,000 73% 52% •
The department started 396,000 units into production during the month and transferred 408,000 completed
Required: ill 111,1 1 11111 1111 1111111111111111 units to the next department. Compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.
Equivalent units of production
Hints References eBook & Resources Hint #1
Check my work
Save & Exit