The Blue Company and The Kingbird Company each started January with 260 units in beginning WIP Inventory; these units had already received 60% of their conversion costs. Both companies began another 2,200 units during January and ended the month with 130 units in ending WIP Inventory. Units in ending WIP Inventory had 80% of conversion costs by the end of January. The Blue Company adds DM at the very beginning of the process. The Kingbird Company adds DM when units are 75% complete for conversion costs. Conversion costs are added evenly throughout the process for both companies. For The Blue Company: complete Step 1 of the template to verify physical units and identify degree of completion under the (1) FIFO method and (2) weighted-average method. For The Blue Company: complete Step 1 of the template to verify physical units and identify degree of completion under the (1) FIFO method and (2) weighted-average method. (1) FIFO Method-Blue Company (2) Weighted-average method-Blue Company (2) Weighted-average method-Blue Company