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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 ConversionWork in process, October 1 51,000 90% 60%
Work in process, October 31 32,000 71% 48%
The department started 388,000
units into production during the month and transferred 407,000 completed units to the next department.
Required:
Question 1: Compute the equivalent units at production for October, assuming that the company uses the weighted-average method of accounting for units and costs
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