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Compute the ending work-in-process inventory stage

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Question - Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records:

Total equivalent units of materials: 5,500

Total equivalent units of conversion: 4,700

Units started and completed during the period: 3,500

On the basis of this information, compute the ending work-in-process inventory's stage of completion?

a. 40%.

b. 60%.

c. 64%.

d. 80%.

e. Some other percentage not listed.

Reference no: EM132658658

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