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The Grand Clock, a manufacturer of clocks, uses a process costing system to account for product costs. These were the total equivalent units for the
The Grand Clock, a manufacturer of clocks, uses a process costing system to account for product costs. These were the total equivalent units for the company's first processing department at the end of period.
Total equivalent units for direct materials... 8000
Total equivalent units for conversion costs... 6500
During the same period, 2000 physical units were transferrwd to the companys other processing department. The units in ending inventory were 75 percent complete with respect to direct material costs. Conversion costs are incurred uniformily throughout the production process. Determine the ending inventory's approximate stage of completion with respect to conversion costs in the first department.
Answer should be given in percent value
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