The balance in Abigail's WIP account was $10,000 at the beginning of the month and $21,000 at the end. The company used $24,000 of DM and used $9,000 of DL. If the sum of the debits to the FOH account were $12,000 and the credits were $13,000, then which of the following statement(s) is/are TRUE? 1. Actual FOH for the period was $12,000 2. FOH was $1,000 over applied 3. FG was debited for $35,000 during the month o Only Statement #1 is true O Both Statement #1 and #2 are true All of the Statements are false o Only Statement #2 is true Both Statement #1 and #3 are true Only Statement #3 is true All of the Statements are true Both Statements #2 and 3 are true Vaughan Trophies had beginning inventory of 10,000 units in Department #1. During the period they started 70,000 units. At the end of the period there were 20,000 units in ending WIP that were 60% complete. The materials required for production are added at the beginning of the process. Conversion costs are added evenly throughout the production process. The weighted- average method is used. Evaluate the following statements: 1. Vaughan must have transferred 60,000 units to Department #2 this period. 2. The equivalent units of production for direct materials are 80.000 units. 3. The equivalent units of production for conversion costs are 72,000 units. O All of the Statements are true Both Statements #2 and #3 are true Only Statement #1 is true O Both Statements #1 and 3 are true O All of the Statements are false Only Statement #3 is true o Only Statement #2 is true Both Statements #1 and #2 are true