26Taco Ranch uses a process cost system and the FIFO)bst flow assumption. Production begins in the Crafting Department where materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On November 1, the beginning work in process inventory consisted of 10,000 units, which were 60% complete and had a cost of $266,000, $140,000 of which were materials costs. During November, the following occurred Materials added Conversion costs incurredali Units completed and transferred out in November Units in ending work inprocess November 30 (20% complete) 25,000 $315,000 55,000 ah 26Taco Ranch uses a process cost system and the FIFO)bst flow assumption. Production begins in the Crafting Department where materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On November 1, the beginning work in process inventory consisted of 10,000 units, which were 60% complete and had a cost of $266,000, $140,000 of which were materials costs. During November, the following occurred Materials added Conversion costs incurredali Units completed and transferred out in November Units in ending work inprocess November 30 (20% complete) 25,000 $315,000 55,000 ah