Blanche Corporation adds materials at the end of the process in the injection department, which is the second of two stages of its production cycle. Information concerning the materials used in the forming department in April follows: Units Materials Costs Work in process at March 1 30,000 60,000 Units transferred from previous department during March 125,000 $360,000 Units completed and transferred to next department during March 120,000 Using the average cost method, what is the materials cost of the work in process at March 31 (rounded to nearest dollar)? $108,000 $126,000 $120,000 $0 In a process cost system, the cost attributable to abnormal losses that occur due to unexpected circumstances such as machine operator error should be assigned to: Ending work in process inventory. Cost of goods manufactured and ending work in process inventory in the ratio of units worked on during the period to units remaining in work in process inventory. A separate loss account in order to highlight production inefficiencies Cost of goods manufactured (transferred out)