28. (10 points) Steel Manufacturing processes a single type of steel. For the current period the following information is given: Beginning Inventory Started During the Current Period Ending Inventory Units 29,000 124,200 26,200 Material Costs Conversion Costs $ 69,600 $ 158,600 $ 329,130 $ 1,217,034 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 70% completed for conversion purposes. Calculate Steel'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 processing costing