Under the process cost system, costs incurred to produce a product are accumulated: by expected materials cost instead of actual materials costs. O by jobs. unit by unit. O by processes or departments. Question 2 1 pts In Woodright Company's process cost system, manufacturing overhead is applied to Product J at 60% of direct labor cost. In Department A, the applied overhead equals $28,800 for the 10,000 units of Product J in Department A that are 40% complete as to conversion. The cost per equivalent unit of conversion in this department for those 4,000 equivalent units of Product J is: $19.20 O $12.00 O $2.88 O $1.72