Question: Crador Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly

Crador Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 700 units. 16,000 units were started into the process during January. On January 31, the inventory consisted of 700 units. Equivalent units for conversion costs were 16,490. What percentage complete was the ending inventory with respect to conversion costs on January 31 using the weighted-average method?

Multiple Choice

100.00%

90.00%

80.00%

70.00%

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