Assume each finished unit we produce requires the following two direct materials: 1. 500 pounds of direct
Question:
1. 500 pounds of direct material A at a total cost of $400 for this material.
2. 500 pounds of direct material B at a total cost of $600 for this material.
No other direct materials are required. In reviewing WIP at the end of the period, ALL of direct material A has been added and NONE of direct material B has been added.
QUESTION:
What is the overall completion percentage for WIP as to direct materials at the end of the period?
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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