2 3 BE11.2-Using Excel to Verify Physical Units Using FIFO Process Costing 4 PROBLEM 5 Huuliver Corp. uses the FIFO processing costing method. All direct materials 6 resources are added at the beginning of the process. Huuliver Corporation provided 7 the gallons and percentages complete during the month of June that are presented 8 here. Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. 1,100 2,000 19,900 Complete Step 1 of the process costing template for Huuliver Corp. using the FIFO method. Physical Units 19,000 9 10 Gallons in process at June 1 11 Gallons in process at June 30 12 New gallons started in June 13 Gallons completed during June 14 15 Conversion costs: 16 Percent complete of gallons in process at June 1 80% 17 Percent complete of gallons in process at June 30 10% 18 19 20 21 +