3) Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the FIFO method of inventory costing. 5,000 units 70% 25% $7,350 $3,125 Beginning Work in Process inventory: Physical units % complete for materials. % complete for labor and overhead....... Materials cost from May......... Labor and overhead cost from May....... Product started and completed: Physical units...... Ending Work in Process inventory: Physical units. % complete for materials........ % complete for labor and overhead.. Manufacturing costs for June: Materials. Labor and overhead....... 40,000 units 4,000 units 40% ................... 10% ..................... $96,975 $79,470 Compute equivalent units for direct materials, direct labor and overhead for June