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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
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). The ending inventory has 14,100 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 method. (Round "Cost per equivalent unit" to 2 decimal places.) \begin{tabular}{|c|c|c|c|} \hline & Physical Units & \multicolumn{2}{c|}{ Equivalent Units } \\ \cline { 4 - 4 } & & MixingDepartment & FinishingDepartment \\ \hline Flow of units: & & & \\ \hline Units to be accounted for: & & & \\ \hline Beginning WIP inventory & & & \\ \hline Units started this period & & & \\ \hline Total units to account for & & & \\ \hline Units accounted for: & & & \\ \hline Completed and transferred out & & & \\ \hline Units in ending inventory & & & \\ \hline Mixing & & & \\ \hline Finishing & & & \\ \hline Total units accounted for & & & \\ \hline & & & \\ \hline Fory & & & \\ \hline Flow of costs: & & & \\ \hline Costs to be accounted for: & & & \\ \hline Costs in beginning WIP inventory & & & \\ \hline Current period costs & & & \\ \hline Total costs to be accounted for & & & \\ \hline Cost per equivalent unit & & & \\ \hline Mixing & & & \\ \hline Finishing & & & \\ \hline Costs accounted for: & & & \\ \hline Costs assigned to units transferred out & & \\ \hline Costs of ending WIP inventory & & \\ \hline Total costs accounted for & & & \\ \hline & & & \\ \hline \end{tabular}
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