Exercise 1 Process Costng (20 Polnts) The inventory at June 1 and costs charged to Work In are as follows: partment 60 during June 3,800 units, 80% completed ($25,000 materials, $35,40 conversion) Direct materials, 32,000 unlts Direct labor Factory overhead Total cost to be accounted for $60,400 368,000 244,000 188.000 During June, 32,000 units placo including those in inventory on lune1. On June 30, the in inventory of work in proce Inventories are costed by the were placed into production and 31,200 unts we consisted of 4,600 units which were 40%) completed. Inv cost method and all materials are added at the beginning of the process. Determine the following, presenting your computations: (a) Equivalent units of production for conversion cost (b) Conversion cost per equivalent unit and material cost per eqeriod (c) Total and unit cost of finished goods completed in the curre (d) Total cost of work in process inventory at June 30 unit st per