Overall completion percentage for wip

Reference no: EM1375476

Consider each finished unit we produce requires the subsequent two direct materials:

1. 500 pounds of direct material A at a total cost of $400 for this material.
2. 500 pounds of direct material B at a total cost of $600 for this material.

No other direct materials are needed. In reviewing WIP at the end of the period, ALL of direct material A has been added and NONE of direct material B has been added.

QUESTION:
Find what is the overall completion percentage for WIP as to direct materials at end of the period?

Reference no: EM1375476

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