Question: Company A uses a process costing system. If total equivalent units for the period are as follows, determine the ending inventory's approximate stage of completion

Company A uses a process costing system. If total equivalent units

for the period are as follows, determine the ending inventory's approximate stage

Company A uses a process costing system. If total equivalent units for the period are as follows, determine the ending inventory's approximate stage of completion with respect to conversion costs. Total equivalent units of direct materials 6.000 (Ending inventory is 100% completed with respect to materials.) Total equivalent units of conversion costs 5.700 (Conversion costs are incurred uniformly throughout the production process.) Units completed and transferred out 2,000 O 23% 65% O 93% O 95%

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