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BlossomCompany ended the month of June with 300units in process with 100% of DM and 60% of conversion costs added to that point. Blossomuses
BlossomCompany ended the month of June with 300units in process with 100% of DM and 60% of conversion costs added to that point. Blossomuses the FIFO method of process costing. In July, 7,250more units were started, and 6,100units were completed in total by month-end. Units in ending WIP Inventory on July 31 were 100% complete for DM and 80% complete for conversion cost. Complete Step 1 for Blossomfor July to determine the physical flow of units and degree of completion. Then, complete Step 2 to calculate equivalent units of production for July. (a1) Your answer is partially correct. Complete Step 1 for Blossom for July to determine the physical flow of units and degree of completion. STEP 1 Verify Physical Units in Period and Identify Degree of Completion Physical Units Units in Beginning WIP Inventory Units Started this Period Total Units to Account for Units Completed and Removed from WIP Inventory this Period Units in Ending WIP Inventory Total Units Accounted for 300 7250 7550 180 Degree of Completion DM Conversion Costs 100 % 100 % 5800 100 5980 do 80 % SUPPO
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