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Blossom Express is a coffee bean roaster who specializes in dark roasting beans grown in California. During the month, Blossom added the following costs: Conversion
Blossom Express is a coffee bean roaster who specializes in dark roasting beans grown in California. During the month, Blossom added the following costs: Conversion Costs (CC), \$5430; and Direct Materials (DM), \$4920. The Beginning Work-in-Progress (WIP) Inventory includes the following costs: CC, $940; and DM, $800. The company's accountant calculated the equivalent units for CC to be 6837, and the equivalent units completed for this month for DM as 7470. Using the First-In, First-Out (FIFO) method, how much total cost will be included in the calculation for cost per equivalent unit for both Conversion Costs and Direct Materials? CC,$6370;andDM,$5720CC,$5430;andDM,$4920CC,$5430;andDM,$5720CC,$940;andDM,$800
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