A manufacturer uses process costing. It has one direct material cost pool and one conversion cost pool. Information for the month is as follows: End of Month Beginning of Month Work in process: Conversion (% of completion in WIP) Costs of Materials in WIP 21,000 units 12,000 units 35% 90% $.81.000 $113,000 ? Costs of Conversion in WIP: During the month: Units started during the month 70,000 units $280,000 $270,000 $920,000 $200,000 Costs incurred for Materials: Costs incurred for Conversion: Sales: Admin expenses Other Information: 85% of direct materials is added at the beginning of the process, and the remaining 15% of direct materials (for packaging) are added at 95% completion Two assumption to make things a bit easier: There were no raw material inventories at any point of the process There was no beginning or ending finished good inventory Required: Part A: Calculate the total value of ending Work in Process and calculate Cost of Goods Sold, assuming that inventory is based on FIFO. Part B: Calculate the total value of ending Work in Process and calculate Cost of Goods Sold, assuming that inventory is based on Weighted Average