The cutting process of Blue Designs started the year with $5,985 in beginning inventory. By year-end,...

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The cutting process of Blue Designs started the year with $5,985 in beginning inventory. By year-end, Blue determined equivalent units of work done this period (from beginning to end of year) under the FIFO method as follows. Units in beginning WIP Inventory completed this period Units started and completed this period Units in ending WIP Inventory Total cost of units completed this period $ Cost of units in ending WIP inventory DM $ 25 760 95 Conversion Costs 30 Blue's cost per equivalent unit is $71 for DM and $37 for conversion costs. How much cost should Blue assign to the units completed this period? How much cost should be assigned to ending WIP Inventory for the cutting process? 760 45 The cutting process of Blue Designs started the year with $5,985 in beginning inventory. By year-end, Blue determined equivalent units of work done this period (from beginning to end of year) under the FIFO method as follows. Units in beginning WIP Inventory completed this period Units started and completed this period Units in ending WIP Inventory Total cost of units completed this period $ Cost of units in ending WIP inventory DM $ 25 760 95 Conversion Costs 30 Blue's cost per equivalent unit is $71 for DM and $37 for conversion costs. How much cost should Blue assign to the units completed this period? How much cost should be assigned to ending WIP Inventory for the cutting process? 760 45

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To calculate the cost assigned to the units completed this period we need to determine the number of ... View the full answer