3. Galaxy Company produces a high-quality insulation material that passes through two production processes. Data for June for the second process follow: Units Work in process inventory, June 1 Work in process inventory, June 30 Abnormal spollage 4.500 6.500 ? Costs of Work in process inventory, June 1 Units transferred in Units completed and transferred out Costs added during June Completion % Completion% Materials Prior Process Total 105.000 36.000 32.000 1.139.550 %100 %100 %100 Transferred in 24.000 %45 %30 %25 Completion % Conversion Materials 36.000 387.900 %665 %40 %25 Conversion 45.000 449.050 302.600 During the process some units are spoiled. %20 of the units are spoiled due to normal course of the production, the remaining ones are classified as abnormal spollage. Galaxy Co employs FIFO method. Calculate the unit cost for prior process (transferred in cost) (5 points) a) Calculate the equivalent units to complete beginning work in process inventory in terms of materials (5 points) b) Calculate the equivalent units at the ending work in process inventory in terms of conversion costs (5 points)