NoWay Inc. is a standard photo frames for university graduates and uses process costing. Main materials used in production are wood and paint. Wood is added at the beginning of production process and paint is applied when products are 60% complete on production process. Conversion costs are incurred evenly throughout the whole process. For the period December, 20X6, beginning work in process inventory of 2 000 units was at middle (50%) of production process and had material cost and conversion cost of $8 000 and $6 000, respectively. During, December, 20X6, company started 10 000 units and completed 8 000 units in total, incurring production costs of $46 000 on wood, $24 000 on paint and $50 000 on conversion costs. Ending inventory for the given period, was 80% complete on production process. Calculate unit cost of photo frame, Cost of Goods Produced and Cost of Ending Work in Process Inventory.(Answer with explanation)