3. Athene Enterprises manufactures dozens of products in several different manufacturing facilities. One of their factories is devoted to their best-selling product, the Burrow. This facility uses a process cost system. Here is data for the month of June: Beginning inventory in process 78,000 units Units placed into production 1,800,000 units Units transferred out 1,750,000 Ending inventory in process 128,000 units Ending inventory 60% complete with respect to materials, 30% for conversion costs Beginning inventory costs $286,000 for materials, $355,000 for conversion Costs added in June $6,580,000 for materials, $16,502,000 for conversion Required: a. Use the template to complete the June production report for this product. b. In your own words, explain how the company is likely to use the cost per equivalent unit information AND what information from this report will be included in the companys financial statements for this period