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