Acme Company uses a process costing system. The company has only one processing department. At the end of the period, work in process inventory consists of 20,000 units that have a total cost of $26,000. The cost per equivalent unit is $2.00 for direct materials and $1.50 for conversion costs. With respect to direct materials, the units in ending work in process inventory are 20% complete. With respect to conversion costs, the units in ending work in process inventory are: O 60% complete. O 45% complete. 28.5% complete. 70% complete. O None of the above

Acme Company uses a process costing intem. The company has only one processing department At the end of the period, work in process immentory convists of 200000 units that have a total cost of $26,000. The cost per equivalent unit is $2,00 for directrmateribls and $1.50 for conversion costs. With respect to direct materiak, the unts in endivs work h process inventory are 20% complete. With respect to comersion costs, the units h molns mork in process inventory are 60\% complete. 45 complete. 285 complete. 70 conplete. None of the above