Business, 29.01.2021 17:00 jakubparuzel3431

Muhares, 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: 8,000
Total equivalent units of conversion: 7,400
Units started and completed during the period: 6,500
On the basis of this information, the ending work-in-process inventory's stage of completion is:
a) 80%.
b) 70%.
c) 60%.
d) 40%.
e) some other percentage not listed above.

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Muhares, which uses a process-costing system, adds material at the beginning of production and incur...

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