14. (10 points) Steel Manufacturing processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs Beginning Inventory 3,000 $ 4,500 $5,400 Started During the Current Period 20,000 $ 32,200 $ 78,195 Ending Inventory 2,500 All materials are added at the beginning of the production process. The beginning inventory was 40% complete as to conversion, while the ending inventory was 30% completed for conversion purposes. Calculate Steel Manufacturing's physical flow of units, equivalent units, cost per equivalent unit and assign costs to Finished Goods and Ending Work-in-Process inventories using the FIFO method of process costing.