. Mandarin Company manufactures a product through a continuous single-step process All materials are added at the beginning of processing. Production and cost data of Mandarin Company for the month of September follows: Production data: In process, September l (37.50% converted) Started during September Completed and transferred to finished goods In process, September 30 (80% converted) 8,000 units 20,000 units 25,500 units 2.500 units Manufacturing cost:s: Work in process (WIP). Beginning Materials Direct labor cost Factory overhead cost $24,500 $80,000 $96,500 $75,000 Required: Use the first-in, first-out process costing approach.