8 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). 5 MIP Inventory-Finishing Beginning Inventory (10,000 units, 2 complete with respect to Finishing costs) Transferred in costs (from Hing) inishing conversion costs Current work (99,600 units started) Mixing costs Finishing costs 5 125,760 5,144 956.160 191,135 Book The ending inventory has 14,900 units, which are 60 percent complete with respect to Prishing Department costs and 100 percent complete for Mixing Department costs. Required: o. Complete the production cost report using the FIFO method (Round "Cont per equivalent unit to 2 decimal places) 15 9 Flow of units Units to be counted for Beginning WIP Inventory Units his period Total soccount for Unite counted Completed and red out From being Wory MO 20 Unitsin ending WIP in Mixing Thing Total scored for 00 8 125,760 14.800 Units accounted for Completed and transferred out From beginning WIP inventory Mixing Finishing Started and completed currently Units in ending WIP inventory Mixing Finishing Total units accounted for 8,880 104.480 110.400 12.5 points 125,760 110,400 113,360 eBook Total Mixing Department Finishing Department S $ 125 760 956, 160 1,081,9205 5,144 491,136 496,280 5 0ls Flow of costs Costs to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Moving Finishing Costs accounted for Costs assigned to units transferred out Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Mixing Finishing Current costs of units started and completed Mixing Finishing Total costs transferred out Cost of ending WIP inventory Mixing Finishing Total costs accounted for 1 390 980 936 880 454.100 454100 5 936 8805 1.390.9805 187220 145,040 $ 1.578.2005 42.180 496.280 1.081.9205