$(10$ points$)$ Lead Inc. processes a single type of lead pipe. For the current period the following

information is given:

All materials are added at the beginning of the production process. The beginning inventory was $60\%$

complete as to conversion, while the ending inventory was $30\%$ completed for conversion purposes.

Calculate Lead's physical flow of units, equivalent units, cost per equivalent unit and assign costs to the

inventory categories of Finished Goods and Ending Work$-$in$-$Process using the FIFO method of processing

costing.All materials are added at the beginning of the production process. The beginning inventory was $60\%$ complete as to conversion, while the ending inventory was $30\%$ completed for conversion purposes.

Calculate Lead$$s physical flow of units, equivalent units, cost per equivalent unit and assign costs to the inventory categories of Finished Goods and Ending Work$-$in$-$Process using the FIFO method of processing costing.