Crador Corp uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Beginning inventory for January consisted of 1,300 units.13,000 units were started into the process during January.On January 31,the inventory consisted of 650 units.Equivalent units for conversion costs were 14,105.What percentage complete was the ending inventory with respect to conversion costs on January 31?

Question

Quizplus · Accepted Answer

The ending inventory was 650 units and the equivalent units for conversion costs were 14,105. This means that the ending inventory was 650/14,105 * 100 = 4.6% complete with respect to conversion costs.

Crador Corp Uses a Process Costing System in Which Direct