QUESTION 5 Weighty Steel processes a single type of steel. For the current period the following information is given: Beginning Inventory Units Material Costs Conversion Costs 3,000 $ 4,570 $ 5,525 $32,000 $78,200 Started During the Current Period 20,000 Ending Inventory 2,500 All materials are added at the beginning of the production process. The beginning inventory was 40% complete as to conversion, while the ending inventory was 30% completed for conversion purposes. Weighty uses the weighted-average costing method. What is the total cost assigned to the units completed and transferred this period? $82,770 $110,200 $113,365 $114,770