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I ALREADY FILLED IN SOME OF IT. PLEASE DO NOT ANSWER UNLESS YOU ARE 100% SURE YOU ARE CORRECT Yarmouth Company produces a liquid solvent
I ALREADY FILLED IN SOME OF IT. PLEASE DO NOT ANSWER UNLESS YOU ARE 100% SURE YOU ARE CORRECT
Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing Accounting records at Yanmouth show the following information for Finishing operations for February (no new material is added in the Finishing Department) WIP inventory Finishing Beginning inventory 900 units, 20% complete with respect to Finishing costs) Transferred-in costs (from Mixing) 50,070 8,075 Finishing conversion costs Current work (101,800 units started Mixing costs 1,089,260 Finishing costs 619,264 The ending inventory has 15,900 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs Required a. Complete the production cost report using the FlFo method. (Round "Cost per equivalent unit to 2 decimal places.) Physical Units Equivalent Units Department Department Flow of units Unts to be accounted for Beginning WP inventory 11,900 Units started this period 101.800 Total units to account for 13 Units accounted for Completed and transterred out 11,900 From beginning WP inventory Mixing 9520 Finishing Started and completed currently 15.900 Units in ending WiP inventory Mixing 15,900 Finishing 9,540 Total units accounted for 27,800 5900 19.000Step by Step Solution
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