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Yarmouth Company liquid solvent in two Taln operations for Feb new material is added in the Finishing ad Finishing. Accounting records at Yarmouth show the
Yarmouth Company liquid solvent in two Taln operations for Feb new material is added in the Finishing ad Finishing. Accounting records at Yarmouth show the following information for Finishing ishing Department) (no new WIP inventory-Finishing Beginning inventory (11,200 units, 20% complete with respect to Finishing costs) ransferred-in costs (from Mixing) 34 Current work (100,400 units started) Mixing costs Finishing costs 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: a. Complete the production cost report using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units Mixing Department Finishing Department Flow of units: Units to be accounted for: Beginning WIP inventory Units started th is period Total units account for 0 Units accounted for Completed and transferred out From beginning WIP inventory Mixing Finishing Started and completed currently Units in ending WIP inventory Mixing Finishing Total units accounted for 0 0 Mixing Department Finishing Department Total Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for 0 0 Cost per equivalent unit Mixing Finishing Costs accounted for Costs assigned to units transferred out Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Mixing Finishing Current costs of units started and completed: Mixing Finishing Total costs transferred out C 0 0 Cost of ending WIP inventory Mixing Finishing S 0 Total costs accounted for
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