Old Tyme Soda produces one flavor of a popular local soft drink. It had no work-in-process on October 31 in its only inventory account. During November, oid Tyme started 10,100 barrels. Work-in- process on November 30 is 1,250 barrels. The production supervisor estimates that the ending work-in-process inventory is 20 percent complete. An examination of Old Tyme's accounting records shows direct material costs of $16,410 and conversion costs of $20,900 for November. All production is sold as it is produced Required a. Compute cost of goods sold for November. (Do not round intermediate calculations.) ost of goods sold b. What is the value of work-in-process inventory on November 30? (Do not round intermediate calculations.) n-process inventory ork-i inventory (1) In order to generate higher income, would the controller raise or lower the estimated percentage of completion on the ending work-in-process inventory? the percentage of completion