Stage of completion with respect to conversion costs

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Reference no: EM131255195

Clicks and Pops and White Noise company mass produce record players in a single production department. Total equivalent units calculated on the prior period’s production cost report were as follows:

DM: 6,000

C: 5,700

During the period, 2,000 physical units were completed and transferred out to Finished Goods Inventory. The units in ending Work in Process Inventory were 80% complete with respect to direct materials costs. Conversion costs were incurred uniformly throughout the production process. Calculate the ending inventory’s stage of completion with respect to conversion costs.

Reference no: EM131255195

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