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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 30,000 65 % 30 % Work in process, October 31 15,000 80 % 40 % The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for October.
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 30,000 65 % 30 % Work in process, October 31 15,000 80 % 40 % The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Equivalent units of production forMaterials=202,000 unitsEquivalent units of production forConversion=196,00 unitsCalculation of the equivalent units of production:Percent CompletedUnits Materials ConversionWork in process, October 1 30,000 65% 30%Work in process, October 31 15,000 80% 40%Working note:Equivalent units of Production = Units completed + (Ending Work-in-process × Percentage of Completion)So,Equivalent units of production for Materials = 190,000 + (15,000 × 80%) = 202,000 unitsEquivalent units of production for Conversion = 190,000 + (15,000 × 40%) = 196,00 unitsLearn more about theunithere:brainly.com/question/25003712...