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ANSWER THE HIGHLIGHTED PORTIONS ONLY!!! Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following nformation
ANSWER THE HIGHLIGHTED PORTIONS ONLY!!!
Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following nformation for Finishing operations for February (no new material is added in the Finishing Department): WIP inventory-Finishing Beginning inventory (10,300 units, 25% 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 115,510 9,295 897.260 436.370 The ending inventory has 14,300 units, which are 50 percent complete with respect to Fishing Department costs and 100 percent complete for Mixing Department costsStep by Step Solution
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