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. 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% B. 92% C. 25% D. 31% E. None of the above

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!

A- Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100%...

Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100% complete...

Overland, Inc., uses the weighted-average method in its process costing system. The company's work-in-process inventory on April 30 consists of 25,000 units. The units in the ending inventory are...

Steven Corporation uses the FIFO method in its process costing system. Department A's beginning work in process inventory consisted of 15,000 units, 100% complete with respect to materials and 40%...

QUESTION Janson Corporation uses the weighted-average method in its process costing system. The ending Work in Process Inventory consists of 9,000 units. The ending Work in Process Inventory is 100%...

Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 12,000 units. The ending work in process inventory is 100% complete...

Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 17,000 units. The ending work in process inventory is 100% complete...

I dont understand these questions please help 1. Which of the following is an example of a manufacturing overhead cost? Wages paid to security personnel at the corporate office building a. b. The...

Explain the ways in which companies can establish an online marketing presence.

Intrepid industries manufactures sterile parts used in medical equipment. The company uses the weighted-average process costing method to account for production costs. It produces parts in three...

The question should state, "The subscription price during a rights offering is normally _________ than the rights-on price and _________ than the ex-rights price

What are the consequences of the letter of appointment onlybeing signed by the employee? What are the cost and benefits on the employeeor the employer?

plan and structure your literature review;

establish an effective note-taking and recording system;

identify what you need to read and where to find it;