Clonex Labs, Inc., uses the weighted-average method in its process costing syste

Question

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Work in process, October 1 Work in process, October 31 Unies Materials Conversion 52,000 34,000 85 % 73 % 60 % 46 % The department started 391.000 units into production during the month and transferred 409,000 completed units to the department. next Required Compute the equivalent units of production for October Materials Conversion Equivalent units of production

Explanation / Answer

Equivalent unit of production :

Material Conversion Unit completed and transferredout 409000 409000 Ending work in process 34000*73% = 24820 34000*46% = 15640 Equivalent units of production 433820 424640

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