A manufacturer uses process costing. It has one direct material cost pool and one conversion cost pool. Information for the month is as follows: During the month: Unitsstartedduringthemonth:CostsincurredforMaterials:CostsincurredforConversion:TotalSpoiledUnitsdetected:32,000units$410,000$300,0001,150units Other Income Statement Information: Sales:Adminexpenses$900,000$100,000 Inspection occurs when units are 80% converted, and inspection determines if the units are "acceptable" or "spoiled". Normal Spoilage is based on 3% of units started. 90% of direct materials is added at the beginning of the process, 7% of direct materials (for packaging) are added immediately after inspection, and the remaining 3% are added at the end of the process. There were no finished goods or raw material inventories at any point of the process. Required: Part A: Calculate the value of ending WIP, and prepare an Income Statement for the month assuming that process costing is based on modified NIPO, Part B: Calculate the value of ending WIP, and prepare an Income Statement for the month assuming that process costing is based on Weighted Average. Goon can omit the company name and period from the inoome statement)