Question 20 4 pts Work in Process Inventory has and ending balance of $125,000. This indicates: Some jobs that were started were sold this period Some jobs that were started have been completed Some jobs that were started are not yet completed Some jobs will need to be started next period Question 21 4 pts Work in Process 1 has been completed. If this does NOT complete the manufacturing process, what should be done next? None of these Costs should stay in WIP - 1 until the product is complete Costs should be transferred to Finished Goods Costs should be transferred to WIP-2 Question 22 4 pts Costs transferred to Finished Goods Inventory totaled, $225,000. Total units produced totaled 60,000. If one unit is sold, what is the cost that should be expensed? O none of these $3.75 $2.75 $.27 Question 23 4 pts Product costs are considered current liabilities until paid. inventoried until the units are sold. expensed on the income statement when incurred. 0. treated as an asset and depreciated