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Mohawk Machining, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information
Mohawk Machining, 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: 8,500 Total equivalent units of conversion: 7,840 Units started and completed during the period: 6,300 On the basis of this information, the ending work-in-process inventory's stage of completion is:
MULTIPLE CHOICE
- 30%
- 65%
- SOME OTHER PERCENTAGE
- 60%
- 70%
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