Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted average method of inventory costing. Beginning Work in Process inventory: Physical units (completed in 5,000 units June) % complete for 70% materials % complete for conversion (labor 25% and overhead) Materials Cost $7,350 from May Conversion cost $3,125 from May Products started and completed: Physical Unith 40.000 units Ending Work in Process Inventory: Physical Units 4.000 units A completa for 40,000 units 4.000 units TOUC completed: Physical Units Ending Work in Process Inventory: Physical Units % complete for materials % complete for conversion Manufacturing costs incurred for June: Materials Conversion 40% 10% $96,975 $79,470 1. Compute equivalent units for direct materials and conversion costs: EUP for DM units, EUP for conversion units. 2. Compute cost per equivalent units for direct materials and conversion costs: Cost per EUP for DM $ : Cost per EUP for conversion costs **round to the nearest cent, eg. 5.63 Conversion $79.470 1. Compute equivalent units for direct materials and conversion costs: EUP for DM units, EUP for conversion units. 2. Compute cost per equivalent units for direct materials and conversion costs: Cost per EUP for DM $ Cost per EUP for conversion costs $ sound to the nearest cent, eg. 5.63 3. Compute the total cost of units completed and transferred out to finished goods during June. Total costs assigned to units completed and transferred out $ ***Be sure to use your answers from part 2* 4. Compute total cost of the ending Work in Process Inventory. Direct material cost assigned to ending WIP $ , conversion costs assigned to ending WIP $ and therefore total costs assigned to ending WIP $ Be sure to use per unit cost from part 2