QUESTION 10 Equivalent Units (This Period Only) Physical Unit Direct Materials Conversion Cost Flow of Production WIP: Beginning 2000 Started during current period 7000 To account for 9000 Completed & transferred out during current period From Beginning WIP (0% 2000 0 1200 DM, 60% CC this period) Started and Completed 4000 4000 4000 (100% DM, 100% CC) WIP: Ending (100% DM, 30% CC) 3000 3000 900 Units accounted for 9000 Equivalent units of work done THIS PERIOD 7000 6100 Direct Materials Conversion Costs WIP: Beginning 11,000 18,000 Costs added in current 94,000 80,000 period Note: The company completes items in beginning inventory first Using the above information and the FIFO method, calculate the balance for the WIP inventory account (in dollars) at the end of the period. (Round to nearest dollar after calculations are complete. Do not round early.)