Company manufactures car seats in its plant. Each car seat passes through the assembly department and testing department. This problem focuses on the testing department. Direct materials are added when the testing department process is % complete. Conversion costs are added evenly during the testing department's process. As work in assembly is completed, each unit is immediately transferred to testing. As each unit is completed in testing, it is immediately transferred to Finished Goods. Company uses the weighted-average method of process costing. Data for the testing department for October are as follows: Physical Units (Car Seats) Direct Materials Conversion Costs
Work-in-process, October 1 *a 5,000 $1,250,000 $402,750
Started during October 20,000
Completed during October 22,500
Work-in-process, October 31 *b 2,500
Total costs added during October $4,500,000 $2,337,500

Required:
What is the percentage of completion for:

a. Transferred-in costs and direct materials in beginning work-in-process inventory.
b. Transferred-in costs and direct materials in ending work-in-process inventory

a. Beginning Work-In Process inventory

Transferred in Costs = 100%

All the transferred in costs will be accounted for in beginning Work-In Process inventory

Direct Materials = 0%

Conversion costs are not up to 90% so no Direct materials will be added.

b. Ending Work-In Process Inventory

Transferred in Costs = 100%

All the transferred in costs will be accounted for in ending Work-In Process inventory

Direct Materials = 0%

Conversion costs are not up to 90% so no Direct materials will be added.

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being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.