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Napco Refining Company processes gasoline. On June 1 of the current year, 5,600 units were...

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Accounting

Napco Refining Company processes gasoline. On June 1 of the current year, 5,600 units were 3/5 completed in the Blending Department. During June, 50,400 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 50,400 units entering the department, all were completed except 7,300 units that were 1/5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows:
Equivalent units of production in June:
To process units in inventory on June 1: 5,600\times 3/53,360
To process units started and completed in June : 50,4005,60044,800
To process units in inventory on June 30: 7,300\times 1/51,460
Equivalent units of production 49,620
Enter the correct amounts in the computation of equivalent units for conversion costs for the Blending Department for June.
To process units in inventory on June 1 fill in the blank 1
To process units started and completed in June fill in the blank 2
To process units in inventory on June 30 fill in the blank 3
Equivalent units of production fill in the blank 4

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