Clicks and Pops and White Noise company mass produce record players in a single production department. Total equivalent units for the period are as follows:
Total Equivalent Units of Direct Materials : 6,600
(Ending inventory is 100% completed with respect to Direct Materials)
Total Equivalent Units of Conversion Costs: 5,700
(Conversion costs are incurred uniformly throughout the production process.)
Physical Units completed and transferred out: 2,000
The End Inventory’s approximate stage of completion with respect to conversion costs is: