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Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one d
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Answer #1

Equivalent units of production

= Units transferred out + (ending inventory x percentage of completion)

Equivalent units of production :-

Material = 411,000 + (30,000 x 72%) = 432,600 units

Conversion = 411,000 + (30,000 x 51%) = 426,300 units

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