Question

# Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for...

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 52,000 85 % 55 % Work in process, October 31 34,000 66 % 50 %

The department started 389,000 units into production during the month and transferred 407,000 completed units to the next department.

Required:

Compute the equivalent units of production for October.

 Materials Conversion Equivalent units of production

Equivalent units of Production = Units completed + Ending WIP x Completion
Materials = 407000 + 34000 x 66% = 429440 units
Conversion = 407000 + 34000 x 50% = 424000 units

 Units Materials Conversion Unit tranferred to the next department  (a) 407,000 407,000 Ending  Work in process inventory (b) 34,000 *66% 34,000 * 50% Equivalent units of production (a)+(b) 429440 424000

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