3 38 L LLLL LLLS 46 47 QUESTIONS Wilson Inc. uses process costing, Its Sanitizing Department had no beginning Work in Process Inventory, though it added materials of $120,000 and conversion costs totaling $160,000 during May. Materials are added at the beginning of the process and conversion costs are added evenly throughout the process. During May, 75,000 units were completed. The May 31 Work in Process inventory balance consisted of 25,000 units that were 20% complete. What is the cost of the ending Work in Process inventory? $240,000 $56,000 $280,000 $40,000 QUESTION 10 Z-Bar Sweets uses a process costing system. During August, the Mixing Department transferred out 65,000 units. On August 31, the Mixing Department held 22,000 equivalent units of material and 20,150 equivalent units of labor and overhead. The cost per equivalent unit was 55.50 for materials and 55.00 for labor and overhead. How much was the total balance in the Work in Process inventory account on August 31? $271,250 $463,750 O $221,750 $192,500