Total work-in-process during the period is the sum of the beginning work-in-process inventory and the total manufacturing costs incurred during the period. True False Total cost of goods purchased minus beginning merchandise inventory plus ending merchandise inventory equals cost of goods sold. True False Grover Company has the following data for the production and sale of 2.200 units. $ 900 per unit $420,000 per period $ 231,000 per period Sales price per unit Fixed costs: Marketing and administrative Manufacturing overhead Variable costs: Marketing and administrative Manufacturing overhead Direct labor Direct Materials $ $ $ 60 per unit 85 per unit 105 per unit 220 per unit What is the conversion cost per unit? O $105 $190 O $295 O $410 Calculate the conversion costs from the following information: Fixed manufacturing overhead Variable manufacturing overhead Direct materials Direct labor $3,200 1,600 3,700 2,100 $4,800 O $5,800 $6,900 $7,400 Revenue minus cost of goods sold equals contribution margin. True O False