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CoronadoCompany ended the month of June with 350 units in process with 100% of DM and 60% of conversion costs added to that point. Coronadouses
CoronadoCompany ended the month of June with 350 units in process with 100% of DM and 60% of conversion costs added to that point. Coronadouses the FIFO method of process costing. In July, 7,150more units were started, and 5,650units 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 Coronadofor July to determine the physical flow of units and degree of completion. Then, complete Step 2 to calculate equivalent units of production for July. Then, complete Step 2 to calculate equivalent units of production for July. Then, complete Step 2 to calculate equivalent units of production for July
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