IN SEQUENCIAL PRODUCTION PROCESS A, B AND C, MATERIAL ABSORBED FOR PROCESS A IS $50.000; CONVERSION COST IS $30,000; MATERIALS ABSORBED FOR B PROCESS ARE $64,000 FROM A WIPS WITH CONVERSION COST$32.000 MATERIALS ABSORBED FOR C PROCESS ARE $40,000 FROM B WIPS WITH CONVERSION COST $10,000,- BEGINNING INVENTORY OF FINISHED GOODS $7.000; AND ENDING INVENTORY OF FINISHED GOOD IS $10.000. CALCULATE CHANGING INVENTORY OF A AND B AND COGS.