Question: Abbott Corp. uses a process costing system. The ending WIP inventory consists of 10,000 units. These units are 70% complete with respect to materials and

Abbott Corp. uses a process costing system. The ending WIP inventory consists of 10,000 units. These units are 70% complete with respect to materials and 50% complete with respect to conversion costs. If the cost per equivalent unit for the period is $4.75 for material and $1.35 for conversion costs, what is the ending WIP balance?

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