During May, Houston Tile Industries reports the following in its Tile-Finishing Department: E (Click the icon to view the information.) Read the requiroments Requirement 1. Complete the five-step process costing procedure to assign the Tile-Finishing Department's total costs to acoount for to units completed and to units in ending work in process inventory. (Note: Don't confuse the Tile-Finishing Department with finished goods inventory. The Tile-Finishing Department is Houston Tile's second process. The tiles do not become part of finished goods inventory until they have completed the second process, which happens to be called the Tile-Finishing Department.) First, summarize the units to account for and compute the equivalent units, Data Table Houston Tile: Tile-Finishing Department Equivalent Unit Computation Month Ended May 31 Tile-Finishing Department Data for May Information about units: Flow of Equivalent Units Physical Transferred Direct Conversion Beginning work in process, May 1 (20% complete as to direct materials, 70% complete as to conversion work) Transferred in from Tile Forming Department duirng May Completed and transferred out to Finished Goods Inventory Flow of Production Units in Materials Costs 3,000 units Units to account for: 17,000 units during May Ending work in process, May 31 (36% complete as to direct 16,000 units materials, 80% complete as to conversion work) 4,000 units Units accounted for: Information about costs Work in process, May 1 (transferred-in costs, $11,0co; direct materials costs, $500: conversion costs, $5,600) Trarisfetred.in from. Tile-Forng Department during May Tile-Finishing Department direct materials added during May Tile-Finishing Department converslon costs added during May S 17,100 39,400 6,476 24,160 Total equivalent units Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Now we car cakulate the total cost of the units completed and transferred out and the ending work in process. (Enter quantities first, then the cost per equivalent unit arnounits in the same order as calculated irn the preceding step. Round the total costs to the nearest whole dollar.) Review the Equivalent Unit Computation Review the Cost per Equivalent Unit Computation Houston Tile: Tile-Finishing Department Month Ended May 31 Assigning Costs Transferred Direct Conversion In Materials Costs Completed and transferred out Ending work in process: Total costs accounted for