Question
The following information pertains to the company: Work in process, 1/1 (20% complete) 8000 units Started in January 40000 units Work in process, 1/31 12000
The following information pertains to the company:
Work in process, 1/1 (20% complete) 8000 units
Started in January 40000 units
Work in process, 1/31 12000 units
Materials are added at the beginning of the process. If equivalent units of production for conversion using the weighted average method was 39,000, ending work in process at 1/31 must have been
A. 15% complete
B. 30% complete
C. 25% complete
D. 97.5% complete
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
20th edition
77729145, 978-1259295430, 1259295435, 978-0077729141
