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ANSWER ONLY THE HIGHLIGHTED PORTIONS!!! Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following information
ANSWER ONLY THE HIGHLIGHTED PORTIONS!!!
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 inventory-Finishing Beginning inventory (10,400 units, 20% complete with respect to Finishing costs) Transferred-in costs (from Mixing) Finishing conversion costs Current work (98,800 units started) Mixing costs Finishing costs S 117.520 3.980 908,980 445.984 The ending inventory has 14,400 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costsStep by Step Solution
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