The dropdown sections provide the options of:

Total Units Accounted For

Total Units to Account For

Units Completed and Removed from WIP Inventory This Period

Units in Beginning WIP Inventory

Units in Ending WIP Inventory

Units Started This Period

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The Marigold Company and The Swifty 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 1,950 units during January and ended the month with 110 units in ending WIP Inventory. Units in ending WIP Inventory had 80% of conversion costs by the end of January. The Marigold Company adds DM at the very beginning of the process. The Swifty Company adds DM when units are 75% complete for conversion costs. Conversion costs are added evenly throughout the process for both companies. For The Marigold 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-Marigold Company (2) Weighted-average method-Marigold Company For The Swifty 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-Swifty Company (2) Weighted-average method-Swifty Company (2) Weighted-average method-Swifty Company