The Coronado Company and The Whispering Company each started January with 220 units in beginning WIP Inventory; these units had already received 60% of their conversion costs, Both companies began another 2,040 units during January and ended the month with 120 units in ending WIP Inventory. Units in ending WIP Inventory had 80% of conversion costs by the end of January. The Coronado Company adds DM at the very beginning of the process. The Whispering Company adds DM when units are 75% complete for conversion costs. Conversion costs are added evenly throughout the process for both companies. - Your answer is partially correct. For The Coronado 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) FIFOMethod-Coronado Compary (2) Weighted-average method-Coronado Company