Grand Lips produces a lip balm used for cold-weather sports. The balm is manufactured in a single processing department. No lip balm was in process on May 31, and Grand started production on 20,800 lip balm tubes during June. Direct mater als are added at the beginning of the process but conversion costs are incurred evenly throughout the process ompleted production or June totaled 15.600 units The June 30 workin process was 40% of the way through the production process. Direct materials costing $4,992 were placed in production during June, and direct labor of $3,350 and manufacturing overhead of $1,954 were assigned to the process Read the requirements Requirement 1. Fill in the time line for Grand Lips Requirements Start Complete Complete 1. Fill in the time line for Grand Lips. 2. 3. 4. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June Assign total costs to (a) units completed and transferred to Finished Goods and (b) units still in process at June 30 Prepare a T-account for Work in Process Inventory to show activity during June, including the June 30 balance Print Done Requirement 2. Use the time line to help you compute the total equivalent units and the cost per equivalent unit for June Grand Lips Lip Balm Department Equivalent Unit Computation Month Ended June 30 Equivalent Units Flow of Physical Units Direct Conversion Flow of Production Materials Costs Units accounted for