Clonex Labs, Inc., uses the FIFO 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 27,000 57 % 33 % Work in process, October 31 20,000 81 % 41 % The department started 176,000 units into production during the month and transferred 183,000 completed units to the next department. Required: Compute the equivalent units of production for materials and conversion for October.
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