Coronado Industries began the year with 5,300 stocking hats in WIP inventory, 20 complete overall. Both conversion costs and direct material resources are added to hats evenly throughout the process. How many hats are in ending inventory if 8,000 hats are completed during the period?
a) 2,300 hats
b) 2,500 hats
c) 2,700 hats
d) 3,000 hats
