Clonex Labs, Inc., uses a process costing system. The following data are available for one depart-
ment for October:
Percent Completed
Units Materials Conversion
Work in process, October 1 . . . . . . . . . . . 30,000 65% 30%
Work in process, October 31 . . . . . . . . . . 15,000 80% 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 method of accounting for units and costs