Question
Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume that Calgary Corporation provides you with the following information for Finishing operations
Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume that Calgary Corporation provides you with the following information for Finishing operations for November (no new material is added in the Finishing Department): WIP inventoryFinishing Beginning inventory (11,400 units, 20% complete with respect to Finishing costs) Transferred-in costs (from Mixing) $ 138,720 Finishing conversion costs 7,010 Current work (100,800 units started) Mixing costs 1,028,160 Finishing costs 560,304 The ending inventory has 15,400 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs. Required: Use a production cost report using the weighted-average method.
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