Casa Blanca began operations on January 1 of the current year. The company uses a process costing system and conversion cost incurred evenly throughout manufacturing. By January 31, the firm had completed 56,000 units. Which of the following statements could be true about the ending work- in-process (WIP) inventory if equivalent units for conversion cost totalled 68,000 units? Multiple Choice The ending WIP Inventory of 20,000 physical units was 60% complete Some other answer The ending WIP Inventory amounted to 4,000 physical units There is no ending WIP inventory The ending WIP Inventory of 10,000 physical units was 30% complete