Homework Answers
Per unit cost of equivalent unit of material = $3.75
Ending work in process = 10000 units
Material cost in ending inventory = 10000*$3.75 = $37500
Total work in process cost in ending inventory = $40625
Conversion cost for ending inventory = $40625 - $37500 = $3125
Per unit cost of equivalent unit of conversion cost = $1.25
Number of units in conversion cost = $3125 / $1.25 = 2500 units
Percentage of completion =( 2500 Units / 10000 units)*100 = 25%
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