30-31

QUESTION 30 2 poi Assuming that there was no beginning work in process inventory, and the ending work in process inventory is 50% complete with respect to conversion costs, the number of equivalent units of production with respect to conversion costs under the weighted-average method would be: the same as the units completed the same as the units started during the period less than the units started during the period O less than the units completed The answer cannot be determined from the information provided. QUESTION 31 Jet Products had no units in process at the beginning of the year. Jet uses process costing and has calculated 45,000 total equivalent units completed during the year. If there were 53,000 units started in the current period and 10,000 units in ending work-in-process, what percentage complete were the ending inventory units? 85% O 20% Cannot be determined from the information given. 50% 22%