6. Exercise 8-43 (Algo) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 4)

Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following information for Finishing operations for February (no new material is added in the Finishing Department).

WIP inventoryFinishing
Beginning inventory (11,700 units, 20% complete with respect to Finishing costs)
Transferred-in costs (from Mixing)	$	145,470
Finishing conversion costs		11,233
Current work (101,400 units started)
Mixing costs		1,064,700
Finishing costs		586,587

The ending inventory has 15,700 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs.

Required:

Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)

Exercise 8-43 (Algo) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 4)

Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following information for Finishing operations for February (no new material is added in the Finishing Department).

WIP inventoryFinishing
Beginning inventory (11,700 units, 20% complete with respect to Finishing costs)
Transferred-in costs (from Mixing)	$	145,470
Finishing conversion costs		11,233
Current work (101,400 units started)
Mixing costs		1,064,700
Finishing costs		586,587

The ending inventory has 15,700 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs.

Required:

Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)