Question 12 4 Points Great North Waters produces the highest quality bottled water in the country. The company purchases water from a local quarry, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. The water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. Assume that in February 80,000 liters were completed and transferred out of the Filtration Department into the Bottling Department. The 70,000 liters remaining in Filtration's ending Work-in-Process Inventory were 80% of the way through the filtration process. What is the equivalent units of production for conversion costs? A) Started and Completed: 70,000; Work-in-Process: 70,000 B Started and Completed: 56,000; Work-in-Process: 80,000 C) Started and Completed: 80,000; Work-in-Process: 56,000 Started and Completed: 80,000; Work-in-Process: 70,000