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 | |||||
Units | Materials | Conversion | |||
Work in process, October 1 | 48,000 | 95 | % | 65 | % |
Work in process, October 31 | 40,000 | 69 | % | 50 | % |
The department started 399,000 units into production during the month and transferred 407,000 completed units to the next department.
Required:
Compute the equivalent units of production for October.
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