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Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...

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 55,000 90 % 55 % Work in process, October 31 38,000 72 % 50 % The department started 394,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October.

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Answer #1
Materials Conversions
Units transferred out        411,000              411,000
Ending Work in process
38,000*72%          27,360
38,000*50%                19,000
Equivalent units of production        438,360              430,000
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