Toney Company uses the FIFO method to compute equivalent units. It has unit costs of $10 for

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Toney Company uses the FIFO method to compute equivalent units. It has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in process, 100% complete as to materials and 40% complete as to conversion costs, the total cost assignable to the ending work in process inventory is:

(a) $45,000.

(b) $55,000.

(c) $75,000.

(d) $100,000.

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