Computation of Equivalent Units-Weighted-Average Method
Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:
Percent Completed
UnitsMaterialsConversion Work in process, October 130,00065%30% Work in process, October 3115,00080%40%
The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department.
Required: Compute the equivalent units of production for October, assuming that the company uses the weighted-average