Strap Company Uses the Weighted-Average Method in Its Process Costing

Multiple Choice

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,the ending work in process inventory is?

A) 10% complete.
B) 20% complete.
C) 30% complete.
D) 38% complete.