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Calculate the ending work in process inventory

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Question - Strap Company uses the weighted-average method in its process costing system. The company has only one processing department. The ending work in process inventory consists of 10,000 units, 60% complete with respect to materials. The total dollar value of this inventory is $38,000. The costs per equivalent unit are $5.00 for materials and $4.00 for conversion costs for the period. With respect to conversion costs, the ending work in process inventory is:

A. 10% complete

B. 20% complete

C. 38% complete

D. 30% complete

Reference no: EM131806472

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