Clicks and Pops and White Noise company mass produce record players in a single production department. Total equivalent units calculated on the prior period’s production cost report were as follows:
DM: 6,000
C: 5,700
During the period, 2,000 physical units were completed and transferred out to Finished Goods Inventory. The units in ending Work in Process Inventory were 80% complete with respect to direct materials costs. Conversion costs were incurred uniformly throughout the production process. Calculate the ending inventory’s stage of completion with respect to conversion costs.