Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's producti Inventory on September 1 % Complete Units Started Costs Added in September Inventory on September 30 % Complete Required: Units Materials Cost Conversion Cost 950 $ 5,550 $ 2,354 60% 30% 3,150 $ 28,940 $ 8,156 1,200 80% 60% 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 Beginning Inventory % Complete % to Complete Equivalent Units Units Completed and Transferred Beginning Inventory Units Started and Completed % Complete Equivalent Units Ending Inventory % Complete Equivalent Units Total Equivalent Units of Production Step 3: Compute the Cost per Equivalent Unit of Production Beginning Inventory Cost Costs Added Total Cost to Account for Total Equivalent Units of Production Cost Per Equivalent Unit Total Cost per Equivalent Unit Step 4: Reconciling Costs Beginning Inventory Cost Costs Added Total Cost to Account for Cost of Beginning Inventory from Last Month Cost of Beginning Inventory Completed in September Cost of Units Started and Completed Cost of Units in Ending Inventory Total Cost to Account for Units 950 3,150 4,100 1,200 2,900 4,100 Materials 60% Conversion 30% 0 0 100% 100% Materials Conversion Materials Conversion Total