An error was made by ROC Company in computing the percentage-of-completion of the current year's ending Work-in-Process Inventory.The error resulted in the assignment of a lower percentage of completion to each component of the inventory than actually was the case.There was no beginning Work-in-Process Inventory.What is the effect of this error on (1)cost assigned to cost of goods completed for the period and (2)the computation of costs per equivalent unit? 1 2

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The Answer of An error was made by ROC Company in computing the percentage-of-completion of the current year's ending Work-in-Process Inventory.The error resulted in the assignment of a lower percentage of completion to each component of the inventory than actually was the case.There was no beginning Work-in-Process Inventory.What is the effect of this error on (1)cost assigned to cost of goods completed for the period and (2)the computation of costs per equivalent unit? 1 2

An Error Was Made by ROC Company in Computing the Percentage-Of-Completion