Strap Company uses the weighted-average method in its process costing system. The company has only one processing department. The ending work-in-process inventory consists of 10,000 units, 60% complete with respect to materials. The total dollar value of this inventory is $38,000. The costs per equivalent unit are $5.00 for materials and $4.00 for conversion costs for the period.

With respect to conversion costs, what is the ending work-in-process inventory?

Multiple Choice

a. 10% complete.

b. 20% complete.

c. 38% complete.

d. 30% complete.