Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's production. Inventory on September 1 96 Complete Units Started Costs Added in September Inventory on September 30 96 Complete Units Materials Cost 950 $ 5,550 $ Conversion Cost 2,354 6096 30% 3,150 $ 28,940 S 8,156 1,200 8096 60% Required: Use the information above to complete a Process Costing Production Report under the FIFO Assumption. Step 1: Account for all Units Beginning Inventory Units Started Units to Account for Ending Inventory Units Completed and Transferred Units to Account for Step 2: Compute the Equivalent Units of Production Units 950 3,150 4,100 1,200 2,900 4,100 Beginning Inventory 96 Complete 96 to Complete Materials Conversion 950 950 6096 30% 4096 7096 Equivalent Units Units Completed and Transferred 2,900 2,900 Beginning Inventory 950 950 Units Started and Completed 1,950 1,950 96 Complete 100% 100% Equivalent Units Ending Inventory 96 Complete Equivalent Units 1,200 1,200 80% 6096 960 720 Total Equivalent Units of Production Step 3: Compute the Cost per Equivalent Unit of Production Materials Conversion Beginning Inventory Cost S 5,550 $ 2,354 Costs Added 28,940 8,156 Total Cost to Account for S 34,490 $ 10,510 Total Equivalent Units of Production Cost Per Equivalent Unit Total Cost per Equivalent Unit 0 0 #DIV/O! #DIV/O! #DIV/0! Step 4: Reconciling Costs Materials Conversion Total Beginning Inventory Cost S 5,550 $ 2,354 S 7,904 Costs Added 28,940 8,156 37,096 Total Cost to Account for S 34,490 S 10,510 S 45,000 Cost of Beginning Inventory from Last Month #DIV/O! #DIV/O! #DIV/O! Cost of Beginning Inventory Completed in September #DIV/O! #DIV/O! #DIV/0! Cost of Units Started and Completed #DIV/O! #DIV/O! #DIV/O! Cost of Units in Ending Inventory #DIV/O! #DIV/O! #DIV/O! Total Cost to Account for #DIV/0! #DIV/O! #DIV/O!