Question

Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October:

Units Percent Completed Materials Conversion Work in process,
October 1 49,000 90% 60%
Work in process, October 31 27,000 69% 46%

The department started 389,000 units into production during the month and transferred 411,000 completed units to the next department.

Required:
Compute the equivalent units of production for October. Show your complete solution.

Answer 1

Materials 429,630

Conversion 423,420

Step-by-step explanation:

Computation for the equivalent units of production for October.

MATERIALS

Equivalent units of production= 411,000 + (27,000*69%)

Equivalent units of production=411,000 + 18,630

Equivalent units of production= 429,630

CONVERSION

Equivalent units of production= 411,000 +(27,000*46%)

Equivalent units of production =411,000+12,320

Equivalent units of production= 423,420

Therefore the equivalent units of production for October is:

Materials 429,630

Conversion 423,420