managerial Accounting

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 materials are added at the beginning of the production process. The beginning inventory was 402% Mompete as to donversion. while the ending inventory was 301: completed for conversion purposes. delculate 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