Bellfonte Company manufactures microchips on a highly automated assembly line. Bellfonte's costing system uses two cost categories: direct materials and conversion costs. Direct materials are added at the beginning of the production process and conversion costs are added evenly throughout production. Beginning work-in-process was 40% complete as to conversion costs and ending work-in-process was 60% complete for conversion costs.

Data for the most recent year end: Work in process, beginning inventory 6,000 units Units started 120,000 units Work in process, ending inventory 2,500 units

Costs for the most recent year end: Work in process, beginning inventory: Direct materials $44,400 Conversion costs $62,240 Direct materials costs added $510,000 Conversion costs added $625,260

Calculate Bellfonte's physical flow of units, equivalent units, and cost per equivalent unit. Assign and identify costs allocated to Finished Goods and Ending Work-in-Process Inventory categories using the FIFO method of process costing.