QUESTION 5 Beginning inventory of 200 units with a cost of $700 is 60% complete Direct materials added this period is 350 units at a total cost of $1,050 Direct labor incurred this period is $400 Factory overhead applied this period is $160 Units completed 300 Ending inventory is 40% complete Materials are added at the beginning of the process 5. What is the balance in the ending work in process inventory? $560 $520 $950 $750 QUESTION 6 6. Conversion Costs are usually incurred evenly throughout the process O A True B. False QUESTION 7 7. The cost of production report reports the cost of the goods sold, O A True B. False