Waldo Company has two departmentsCutting and Shaping. Waldo uses the FIFO method. The following information relates to the Shaping Department: Materials Conversion Costs in the beginning work in process inventory Costs added during the period $ 3,170 $ 21,120 $ 4,890 $ 24,480 Knowledge Check 01 What is the total cost to be considered for calculating the cost per equivalent unit for conversion? $21,120 $24,290 $24,480 $29,370