Factory for the month of June, Richardson Factory uses the FIFO method of inventory costing aterials.... 5,000 units 70% 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 ABJAaBb AaBb A = 8. EX 1 2 603 27 Factory for the month of June. Richardson Factory uses the FIFO method of inventory costing. 70% 25% ... Beginning goods in process inventory: Physical units.. % complete for materials. 5,000 units % complete for labor and overhead..... Materials cost from May. $7,350 Labor and overhead cost from May $3,125 Product started and completed: Physical units. 40,000 units Ending goods in process inventory: Physical units 4,000 units % complete for materials. 40% % complete for labor and overhead... 10% Manufacturing costs for June: Materials.... $96.975 $79.470 Labor and overhead ..... Required: (1) Compute the total cost of all units that were completed and transferred to finished goods during June. (2) Compute the total cost of the ending goods in process inventory. m e 150