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Exercise 3.43 (Algo) Prepare a Production Cost Report: Welghted-Average Method (LO 8-2, 4) Yarmouth Company produces a liguld solvent in two departments: Mixing and Finishing.

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Exercise 3.43 (Algo) Prepare a Production Cost Report: Welghted-Average Method (LO 8-2, 4) Yarmouth Company produces a liguld 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) NIP inventory-Finishing Beginning inventory (11,289 units, 20% complete with respect to Finishing costs) Transferred in costs (from Mixing) Finishing conversion costs Current work (100, 400 units started) Mixing costs Finishing costs $ 134,320 1,096 ces 1,004,000 537,056 The ending Inventory has 15.200 units, which are 60 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 mothod. (Round "Cost per equivalent unit to 2 decimal places.) Physical Units Equivalent Units Mixing Finishing Department Department 0 Flow of units Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Units accounted for Completed and transferred out Unitsin ending inventory Mixing Finishing Total units accounted for ol 0 0 Mixing Department Finishing Department Flow of units Units to be accounted for Beginning WP inventory Units started this period Total units to account for Units accounted for Completed and transferred out Units in ending inventory Mixing Finishing Total units accounted for 0 Total Mixing Department Finishing Department 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 Mixing Finishing Costs accounted for Costs assigned to units transferred out Costs of ending WP inventory Total costs accounted for $

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