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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 48,000 90 % 60 %
Work in process, October 31 38,000 71 % 52 %
The department started 403,000 units into production during the month and transferred 413,000 completed units to the next department.
Required:
Question 1: Compute the equivalent units of production for October.
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