Question: Cullumber Leaf Coffee Company has a beginning Work-in-Progress (WIP) Inventory of 4000 units, and its degree of completion was 100%for Direct Materials (DM) and 80%

Cullumber Leaf Coffee Company has a beginning Work-in-Progress (WIP) Inventory of 4000 units, and its degree of completion was 100%for Direct Materials (DM) and 80% for Conversion Costs (CC). During the period, Cullumber started 16300 units and a total of 18300 units were completed and removed from Wl PInventory. The ending Inventory of Wl P was 2000 units with a degree of completion as 100% of Direct Materials. The company uses the First-In, First-Out (FIFO) method, and the total equivalent units of Conversion Costs for the period was 16300 units. Find the degree of completion for Conversion Costs of ending WIP Inventory.

O 70%

O 40%

O 30%

O 60%

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