Question: Haydn Corporation uses the weighted-average method in its process costing system. The ending work-in-process inventory consists of 10,000 units. The ending work-in-process inventory is 100

 Haydn Corporation uses the weighted-average method in its process costing system.

Haydn Corporation uses the weighted-average method in its process costing system. The ending work-in-process inventory consists of 10,000 units. The ending work-in-process inventory is 100 % complete with respect to materials. The cost per equivalent unit for the period is $3.75 for material and $1.25 for conversion cost. If the ending balance of work-in-process inventory account is $40,625, what is the percentage of completion with respect to conversion cost in the ending work-in-process inventory account? A. . 8% 92% 25% O. 31% None of the above. Page 2 of 12

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!