Spears Inc. manufactures devices in two departments, Assembly and Finishing. You are doing the accounting for the Finishing Department, which uses the FIFO method of process costing. Direct materials are added at the beginning of the production process and conversion costs are added evenly throughout the production process. Information for the month of June is provided for you. Physical Trans-in Direct Conversion Units Costs Materials Costs Work in process, beginning inventory 2,000 $137,280 $99,800 $105,340 Degree of completion, beginning work in process 100% 100% 60% Transferred in during the month 18,000 Completed and transferred out during the month 18,900 Work in process, ending inventory 1,100 Degree of completion, ending work in process 100% 100% 70% Total costs added during the month $1,123,200 $898,200 $1,473,906 At the end of the period the following information is available: Percentage of inventory sold during the period 50% Selling price was determined with a markup of 80% Part 1: From my calculations I know that transferred-in materials equivalent units of output are: and direct material equivalent units of output are: A/ and the conversion cost equivalent units of output are A PART 2: Remember to use the equivalent units you entered for Part 1 to calculate your answers for Part 2! From my calculations I know that the cost per equivalent unit for transferred-in materials is AJ and the cost per equivalent unit for direct materials is AJ and the cost per equivalent unit for conversion costs is AJ PART 3: Remember to use your answers the you entered for Parts 1 and 2 to answer Part 3. From my calculations I know that the total cost transferred out to finished goods is AJ and that the ending balance in Work In Progress - Finishing is: AJ PART 4: From my calculations I know that the total revenue reported on the income statement for this month will be AJ