Carolwood Company Manufactures Widgets and Uses Process Costing Direct Materials Are Added to the Manufacturing Process in Stages

Carolwood Company manufactures widgets and uses process costing. The status of the beginning and ending inventory is: $$\begin{array} { | l | l | } \hline \text { Beginning inventory } & 30 \% \text { of the manufacturing process is complete } \\\hline \text { Ending inventory } & 55 \% \text { of the manufacturing process is complete } \\\hline\end{array}$$ Direct materials are added to the manufacturing process in stages. None are added when production begins. Approximately 1/2 of the materials are added when the product is 25% complete. The other half is added when the product is 50% complete. What percentage complete are beginning inventory and ending inventory with respect to direct materials DM) and conversion costs CC) ?

A) beg. inventory: DM-50%, CC-30% end. inventory: DM-100%. CC-55%
B) beg. inventory: DM-50%. CC-30% end. inventory: DM-55%. CC-55%
C) beg. inventory: DM-30%. CC-30% end. inventory: DM-55%. CC-55%
D) beg. inventory: DM-50%. CC-70% end. inventory: DM-100%. CC-45%