Clonex Labs, Inc., uses a process costing system. The following data are availab

Question

Clonex Labs, Inc., uses a process costing system. The following data are available for one department
for October:

Percent Completed

The department started 396,000 units into production during the month and transferred 413,000 completed 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.

Materials    Conversion

Equivalent units of production

Clonex Labs, Inc., uses a process costing system. The following data are available for one department
for October:

Explanation / Answer

Materials   Conversion Units transferred and completed(1) 413000 413000 Work in process, October 31 (2) 25200 17150 (35000*72%) (35000*49%) Equivalent units of production(1+2) 438200 430150 Materials   Conversion Equivalent units of production 438200 430150

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