Question

Equivalent Units – Urgent please!!

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

Percent Completed
Units Materials Conversion
Work in process, October 1 53,000 90% 60%
Work in process, October 31 30,000 73% 50%

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The department started 386,000 units into production during the month and transferred 409,000 completed units to the next department.

Required:
Compute the equivalent units of production for October assuming that the company uses the weighted-average method of accounting for units and costs.

Solutions

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