Texas Tees Company Uses a Process-Cost Accounting System

question 1

Multiple Choice

Texas Tees Company uses a process-cost accounting system. The company adds direct materials at the start of its production process; conversion cost, on the other hand, is incurred evenly throughout manufacturing. The firm has no beginning work-in-process inventory; its ending work in process is 30% complete. Which of the following sets of percentages would be used to calculate the correct number of equivalent units in the ending work-in-process inventory?

• A)Materials, 30%; conversion cost, 30%.
• B)Materials, 30%; conversion cost, 100%.
• C)Materials, 100%; conversion cost, 30%.
• D)Materials, 100%; conversion cost, 70%.
• E)Materials, 100%; conversion cost, 100%.

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