Yarmouth Company produces a liquid 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): $ WIP inventory-Finishing Beginning inventory (11,500 units, 25% complete with respect to Finishing costs) Transferred-in costs (from Mixing) Finishing conversion costs Current work (101,000 units started) Mixing costs Finishing costs 140,950 5,625 1,040,300 570,500 The ending inventory has 15,500 units, which are 50 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.) Answer is complete and correct. Physical Units Equivalent Units Mixing Finishing Department Department 11,500 101,000 112,500 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 From beginning WIP inventory Mixing Finishing Started and completed currently Units in ending WIP inventory Mixing Finishing Total units accounted for 11,500 0 8,625 85,500 85,500 85,500 15,500 15,500 7,750 101,875 112,500 101,000 Finishing Department $ 5,625 570,500 576,125 $ $ 6.00 Answer is complete but not entirely correct. Total Mixing Department Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory $ 146,575 $ 140,950 Current period costs 1,610,800 1,040,300 Total costs to be accounted for $ 1,757,375 $ 1,181,250 Cost per equivalent unit Mixing $ 12.00 X Finishing Costs accounted for: Costs assigned to units transferred out: Costs from beginning WIP inventory $ 146,575 $ 140,950 Current costs added to complete beginning WIP 48,300 inventory Mixing Finishing Current costs of units started and completed: Mixing 880,650 Finishing Total costs transferred out $ 194,875 $ 1,021,600 Cost of ending WIP inventory Mixing Finishing Total costs accounted for $ 194.875 $ 1,021,600 $ 5,625 48,300 478,800 532,725 $ 0 $ 532,725