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Assume the following information: Milling Department Units Percent Complete Materials...

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Accounting

Assume the following information:

Milling Department Units Percent Complete
Materials Conversion
Beginning work in process inventory 200 40% 30%
Units started into production during March 6,200
Units completed during the period and transferred to the next department 5,800 100% 100%
Ending work in process inventory 600 ?% 60%

Milling Department Materials Conversion
Cost of beginning work in process inventory $ 10,000 $ 15,000
Costs added during the period 290,000 385,000
Total cost $ 300,000 $ 400,000

If the cost per equivalent unit for materials is $48.23 using the weighted-average method, then the percent complete with respect to the materials in ending work in process inventory is closest to:

A) 70%.

B) 40%.

C) 60%.

D) 50%.

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