Majesco,which Uses a Process-Costing System,adds Material at the Beginning of Production

Majesco,which uses a process-costing system,adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing.The following selected information was taken from the company's accounting records:
Total equivalent units of materials: 5,000
Total equivalent units of conversion: 4,400
Units started and completed during the period: 3,500
On the basis of this information,the ending work-in-process inventory's stage of completion is:

A) 40%.
B) 60%.
C) 70%.
D) 80%.
E) some other percentage not listed abovE.

Correct Answer:

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