Question: Johnson Company uses the process costing method with the following data for the month of July. WIP, July 1 2 0 , 0 0 0

Johnson Company uses the process costing method with the following data for the month of July. WIP, July 1 2 0 , 0 0 0 unit DM: 1 0 0 % completed $ 5 4 , 0 0 0 Conversion: 3 0 % completed 1 2 , 8 0 0 Balance in WIP, July 1 $ 6 6 , 8 0 0 Units started during July 4 0 , 0 0 0 Units completed

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