On January 1st,2022, Jim-N-John Inc. had a Beginning Work-in-Process balance of $20,000 ( $10,000 of Direct Materials and $10,000 of Conversion) which consisted of 10,000 units which were 40% complete with respect to conversion costs. During January, Jim-N-John started production on an additional 20,000 units and incurred $30,000 in Materials and $50,000 in Conversion costs. Jim- NJ John's Ending Work-InProcess consisted of 6,000 units which were 80% complete with respect to conversion costs. Jim-N-John produces a single product. All direct materials are added at the start of the production process while conversion costs are incurred uniformly. Jim-NJohn uses a FIFO process costing system. How many physical units were completed during January? a. 14,000 b. 24,000 c. 20,000 d. 24,800 On January 1st,2022, Jim-N-John Inc. had a Beginning Work-in-Process balance of $22,000 ( $12,000 of Direct Materials and $10,000 of Conversion) which consisted of 4,000 units which were 40% complete with respect to conversion costs. During January, Jim-N-John started production on an additional 20,000 units and incurred $30,000 in Materials and $50,000 in Conversion costs. Jim-N-John's Ending Work-InProcess consisted of 6,000 units which were 50% complete with respect to conversion costs. Jim-N-John produces a single product. All direct materials are added at the start of the production process while conversion costs are incurred uniformly. Jim-NJohn uses a weighted-average process costing system. What is Jim-N-John's cost per equivalent unit with respect to conversion costs for January? a. $2.86 b. $1.00 c. $1.33 d. $2.00