27, A company bought a machine that has an expected life of six years and no salvage value Management estimates that this machine will generate annual after-tax net income of $700 If the accounting rate of return is 10%, what was te prchase price of the machine? a) $7,000 b) $700 c) $28,000 d) e) 14,000 $3,500 28. Assume the following Units of Produ Beginning inventory 35% Goods started and completecd Ending goods in process 25% complete 2000 15,000 complete 5,000 Assuming FIFO, what are the equivalent units for beginning and ending inventory a) Beginning 2,000 and Ending 5,000 b) Beginning 1,300 and Ending 5,000 c) Beginning 1,300 and Ending 3,750 d) Beginning 1,300 and Ending 1,250 e) Beginning 700 and Ending 1,250