Junting Concepts and Principles Refer to the following information about the Painting Department in the Richardson Factory for the month of June. Richardson Factory uses the weighted average method of inventory costing. Beginning goods in process inventory 5,000 units Percentage of completion---Direct materials Percentage of completion--Direct labor /Factory overhead 70% Direct materials costs $7,350 $3,125 40,000 units Direct labor and factory overhead costs Units started in June Ending goods in process inventory(June 30) Percentage of completion---Direct materials Percentage of completion--Direct labor /Factory overhead horo 10%,-Im Costs incurred during this period $96,975 Direct materials costs 79,470 Direct labor and factory overhead costs (I)Compute the equivalent unit of production for direct materials, direct labor, and factory overhead for June; (2)Compute the cost per equivalent unit; (3)What is the cost of all units that were completed and transferred to finished goods in June? What is the total cost of ending goods in process? Required