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Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion
Work in process, October 1 46,000 90% 65%Work in process, October 31 32,000 65% 51% The department started 395,000 units into production during the month and transferred 409,000 completed units to the next department.
Problem 1: Compute the equivalent units of production for October for both materials and conversion.
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