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Question: aazu company is reviewing the behavior of its various activities...

Question details
AAZU company is reviewing the behavior of its various activities. AAZU is considering various costs under process costing system.  AAZU 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: 5,000
Total equivalent units of conversion: 4,400
Units started and completed during the period: 3,500
On the basis of this information, the ending work-in-process inventory's stage of completion is:
a.
40%.
b.
60%.
c.
70%.
d.
80%.
e.
some other percentage not listed above.

 

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