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4. Refer to the following information about the Painting Department in the Richardson Factory for the month of June. Richardson Factory uses the FIFO method

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4. Refer to the following information about the Painting Department in the Richardson Factory for the month of June. Richardson Factory uses the FIFO method of Inventory costing. 5,000 units 7096 25% $7,350 $3,125 Beginning goods 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 goods 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. Show all work for credit

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