George's Gift House incurred $2,100 in production costs for the week. Work-in-process inventory decreased by $100 and finished goods inventory increased by $500. What was the Cost of Goods Sold? $1,700 $1,200 $1,600 $2,000 QUESTION 18 The Phelan Company had 14,000 units in beginning work in process, 60% complete. 20,000 units were completed and transferred out during the month. Ending work in process is 60% complete, which is equivalent to 3,600 whole units for Conversion costs. Materials are added at the beginning of the process. Reference: Ref 8-80 The number of equivalent whole units for Conversion cost is A. 14,000 B. 27,000 C. 17,600 D. 23,600