The following information pertains to questions 32 and 33. Ex Company, which produces a single product, began operations on January 1, Year 1. Material A is added at the start of the production process and packaging material B is added the end of the process. Conversion costs are incurred uniformly throughout the process. Inspection takes place when manufacturing is completed, but before packaging material B is added. Spoiled units are discarded. Normal spoilage for this production process is 4% of good output. Production data for the first quarter of Year 1 was as follows: Units started 18,000 units Good units completed and transferred-out 15,000 units 2,000 units Ending work-in-process inventory Using a first-in, first-out (FIFO) process costing system, Ex Company incurred the following costs per equivalent unit during the first quarter: Material A Material B Conversion costs $11.00 $0.80 $15.00 The cost of ending work-in-process inventory using FIFO process costing was $34,000.