Majesco, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records: Total equivalent units of materials: 789 Total equivalent units of conversion: 536 Units started and completed during the period: 433 On the basis of this information, the ending work in process inventory's stage of completion is closest to: A. 79.30% B. 71.07% C. 67.93% D. 32.07% E. 28.93%

Majesco, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records: Total equivalent units of materials: 789 Total equivalent units of conversion: 536 Units started and completed during the period: 433 On the basis of this information, the ending work in process inventory's stage of completion is closest to: A. 79.30% B. 71.07% C. 67.93% D. 32.07% E. 28.93%

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Description: Majesco, which uses a process-costing system, adds material at the beginning of production and incursconversion cost evenly throughout manufacturing. The following selected information was taken from thecompany's accounting records:Total equivalent

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Using weighted average method, how much is the total cost of Work in Process Inventory, End?
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