QUESTION 20 Jefery Peterson was just promoted to the production manager position. He is a little overwhelmed with the number of reports he has been receiving. One such report the he receives from you is a production cost report. On the report he noted that the department was credited with 2,000 equivalent units in ending inventory. Jeffery is quite upset because he in the department. Jeffery wants to know why you credited him with 2,000 units when he is fairly confident that he has 4,000 units on hand at the end very precisely to avoid the problem of inventory shortage, a problem that has a long history REQUIRED: Write a brief note to Jeffery that explains why the production cost report shows only 2,000 equivalent units on hand and not the 4,000 units Jeffery claims are on hand. Be thorough and explain why he is off track in his thinking