The Malbim Company uses a process costing system. Materials are added at the beg

The Malbim Company uses a process costing system. Materials are added at the beginning of the process. On July 1 there are 400 units in the beginning inventory that are 100% complete as to materials. With regard to labor and overhead however the units in beginning inventory (July 1) are only 75% complete.During July 10000 units were placed in production; of these 7400 were completed and transferred to the next department. On July 31 the remaining 3000 units were 20% complete with regard to labor and overhead.Required: (Be sure to show your calculations for each)