Problem 2 (60 pts.) Using Process Costing under the FIFO Method and the information below: 1) Provide a summary of the flow of physical units and equivalent units; 2) Provide a summary for the total costs to account for, calculate the costs per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to the units in ending WIP. DM $1,184,064 CC $218,496 WIP BB Started in current period Completed in current period WIP EB Total costs added during current period Physical Units 400 600 840 160 $2,930,584 $1,569,888 Degree of Completion: WIP BB in the department WIP EB in the department 80.00% 50.00% 60.00% 70.00%