Grey Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP Inventory Transferred - in costs in beginning WIP Inventory Direct materials costs in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred - in Transferred - in costs Units completed Costs added: direct materials Costs added: conversion costs Ending WIP Inventory (40% complete for materials and 30% complete for 10,000 units $110,200 $24,500 $22,750 59,000 units $546,300 53,000 $167,120 $245,570 16,000 units A. 65,400 B. 59,400 C. 57,000 D. 53,000 Grey Corporation has two sequential processing departments: Assembly and Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP Inventory Transferred - in costs in beginning WIP Inventory Direct materials costs in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred - in Transferred - in costs Units completed Costs added: direct materials Costs added: conversion costs Ending WIP Inventory (40% complete for materials and 30% complete for 10,000 units $110,200 $24,500 $22,750 59,000 units $546,300 53,000 $167,120 $245,570 16,000 units A. 65,400 B. 59,400 C. 57,000 D. 53,000