Uses the weighted-average method of accounting for units

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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 50,000 85% 55% Work in process, October 31 28,000 74% 53% The department started 393,000 units into production during the month and transferred 415,000 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.

Reference no: EM131288182

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Uses the weighted-average method of accounting for units : 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 50,000 85% 55% Work in process, October 31 28,000 74% 53%. Comp..

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