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17. The Wilson Company manufacturers the famous ticktock watches on an assembly line basis. January 1,, work-in- process consisted of 5,000 units partially completed. During
17. The Wilson Company manufacturers the famous ticktock watches on an assembly line basis. January 1,, work-in- process consisted of 5,000 units partially completed. During the month an additional 110,000 units were started ad 105,000 units were completed, the ending work-in-process was 3/5 complete as to conversion costs. Conversion costs are added evenly throughout the process. The following conversion costs were incurred. Beginning costs for work-in-process ............................. P1,500 Total current conversion costs ..................................... 273,920 The conversion costs assigned to ending work-in-process totaled P15,360 using the FIFO method of process costing. What was the percentage of completion, as to conversion costs on the 5,000 units in BWIP? a 20% b 40% c 60% d 80%
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