Question: Corporation uses the weighted-average method in its process costing system. In their first processing department, Corporation worked on 1,071 equivalent units of production with respect

Corporation uses the weighted-average method in its process costing system. In their first processing department, Corporation worked on 1,071 equivalent units of production with respect to conversion costs in May. Additional information for Corporation for May is:

Beginning inventory 230 units 40%

complete Started 1,345 units

Completed and transferred out 775 units

Corporation's percentage of completion of the ending inventory in work-in-process with respect to conversion cost is

Enter percentage amount, not decimal; ex. 22, not 0.22

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