Heidi Corporation began producing quick-drying paper cement in June (i.e., there was no beginning work-in-process inventory on June 1). The manufacturing process involves only one step. In June, the costs were $15,360 for direct materials and $33,512 for conversion costs. During the month, 3,200 pounds of direct materials were placed in production. At the end of June, 600 pounds of direct materials were still being processed and were 40% complete. Assume that all direct materials are added at the beginning of production.

1. Compute the number of equivalent units of output in terms of materials costs and labor and overhead (conversion) costs for June, assuming FIFO cost flow.

2. Determine the total cost of goods transferred to Finished Goods Inventory and the total cost of Work-in-Process Inventory at the end of June.