Assume each finished unit we produce requires the following two direct materials:
1. 500 pounds of direct material A at a total cost of $400 for this material.
2. 500 pounds of direct material B at a total cost of $600 for this material.
No other direct materials are required. In reviewing WIP at the end of the period, ALL of direct material A has been added and NONE of direct material B has been added.
What is the overall completion percentage for WIP as to direct materials at the end of the period?