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Blossom Industries works hard to keep pace with demand for its modern chandelier. To get it out the door, Blossom first machines raw materials into
Blossom Industries works hard to keep pace with demand for its modern chandelier. To get it out the door, Blossom first machines raw materials into key component parts. Next, the component parts are assembled. These two processing departments work together, coordinating the output from the machining process into the assembly process. All DM resources are added at the beginning of the machining process, while conversion costs are added evenly throughout the process. For May, the following information was available for the machining process.
Determine the total cost of units completed and the cost of units in ending WIP InventoryMachining in May by completing Steps of the template, assuming Blossom Industries uses the weightedaverage method of process costing.
Total cost of units completed
$
Cost of units in ending WIP Inventory
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