Thank you in advance! I feel like I need to account for the beginning work in process inventory, but maybe not because it is FIFO?

Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the FIFO method of inventory costing.

Beginning Work in Process inventory:

Physical units5,000 units

% complete for materials70%

% complete for labor and overhead25%

Materials cost from May$7,350

Labor and overhead cost from May $3,125

Product started and completed:

Physical units 40,000 units

Ending Work in Process inventory:

Physical units4,000 units

% complete for materials40%

% complete for labor and overhead10%

Manufacturing costs for June:

Materials$96,975

Labor and overhead$79,470

Compute the equivalent cost per unit for direct materials, direct labor and overhead for June.

Unit cost information

Units to account for

Beginning Goods in Process 5,000

Units Started This Period

Total Units to Account for

Units to account for

Completed and Transferred Out 40,000

Ending Goods In process 4,000

Total Units Accounted For 44,000

Equivalent Units of Production (EUP) Direct Materials Conversion

Units completed and transferred out 40,0000 40,000

Units of Ending Goods in Process

Direct materials (4000*40%)

Conversion (4000*10%)

EUP