Strap Company uses the weighted-average method in its process costing system. The company has only one processing department. The ending work in process inventory consists of 10,000 units, 60% complete with respect to materials. The total dollar value of this inventory is $38,000. The costs per equivalent unit are $5.00 for materials and $4.00 for conversion costs for the period. With respect to conversion costs, the ending work in process inventory is: A. 10% complete B. 20% complete C. 38% complete D. 30% complete Fannie Inc. manufactures X-type equipment. During October the company incurred the following costs to produce 100 unit of X-type equipment. All units were completed and the company sold 65 unit of the X-type. Manufacturing Overhead is applied on the basis of direct-labor hours, and the company assigns all under-/over-applied overhead to cost of goods sold for the month. The following information is available: Material Requisitions 62-65: $8,600 Direct Labor: 450 hours @ $10 per hour The budgeted overhead rate: $20 per labor hour. Actual overhead for October: $8,300. Compute the balances of ending Work-in-Process Inventories, Finished Goods Inventories, and the Cost of Goods Sold for the month (after overhead adjustment)