$($a$)$

Your Answer

Complete Steps $1-5$ of the template for Blue Enterprises this year using the FIFO method of process costing,

clearly labeling the following. $($Round cost per equivalent unit to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Equivalent units of production for both DM and conversion

costs.

The cost per equivalent unit for both DM and conversion costs.

The total cost of units completed and the total cost of units in ending WIP Inventory.

Total equivalent units of work done

Cost per equivalent unit

$

$0\mathrm{.}20$

$

Total cost of units completed

$

Cost of units in ending WIP Inventory $

$($b$)$

Record the following journal entries. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Transfer of DM costs from RM Inventory into the processing department this year.

Recognition of conversion costs incurred for the period; assume all DL costs are paid in cash, totaling $$2,400.$

The completion of units; they are now ready for sale.

No$.$ Account Titles and Expl

anation

Debit

Credit

Help with B the JEs