Question
Exercise 8-36 Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 4) Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume
Exercise 8-36 Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 4) 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 (11,600 units, 20% complete with respect to Finishing costs) Transferred-in costs (from Mixing) $ 143,200 Finishing conversion costs 7,664 Current work (101,200 units started) Mixing costs 1,052,480 Finishing costs 583,744 The ending inventory has 15,600 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. (Round "cost per equivalent unit" to 2 decimal places.)
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