Work in process in Cook Company's Baking Department is: Work in process - Baking Department S 696 | To Finished Goods, 700 units Beginning inventory, 400 units, 60% completed | Direct materials, 670 units@$1.50 Direct labor, 30 hours $12.70 Factory overhead, 30 hours @ $14 Ending balance, 370 units, 20% completed 1,005 381 420 All direct materials are added at the beginning of the process. The conversion cost per equivalent unit in the current period is about $1.72 1.22 $1.50 $1.74