the most recent month are listed below. Work in process, beginning: Units in beginning work in process inventory 400 Materials costs $ 6,900 Conversion costs $ 2,500 Percent complete for materials 80 % Percent complete for conversion 15 % Units started into production during the month 6,000 Units transferred to the next department during the month 5,600 Materials costs added during the month $ 112,500 Conversion costs added during the month $ 210,300 1. Question:( TCO D) Topple Company produces a single product. Operating data for the company and its absorption costing income statement for the last year are presented below. Units in beginning inventory 2,000 Units produced 9,000 Units sold 10,000 Sales $ 100,000 Less cost of goods sold: Beginning inventory 12,000 Add cost of goods manufactured 54,000 Goods available for sale 66,000 Less ending inventory 6,000 Cost of goods sold 60,000 Gross margin 40,000 Less selling and admin. expenses 28,000 Net operating income $ 12,000 2. Question:( TCO I)( Ignore income taxes in this problem.) Bill Anders retires in 8 years. He has $ 650,000 to invest and is considering a franchise for a fastfood outlet. He would have to purchase equipment costing $ 500,000 to equip the outlet and invest an additional $ 150,000 for inventories and other working