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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
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 (16,988 units, 28% complete with respect to Finishing costs) Transferred-in costs (from Mixing) Finishing conversion costs Current work (99,888 units started) Mixing costs Finishing costs $127,878 8,617 968,868 495,243 The ending inventory has 14,900 units, which are 50 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.) Equivalent Unite Department Finishing Department Flow of units Units to be accounted for Beginning WIP inventory 10.900 Units started this period Total units to account for 110,700 Units accounted for Completed and transferred out 95,800 95.800 95.800 Units in ending inventory 14,900 Mixing 54,900 Finishing Total units accounted for 110,700 110.700 7450 103,250 Total Mixing Department Finishing Department Flow of costs Costs to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for $ DS Cost per equivalent unit Mixing Finishing Costs accounted for Costs assigned to units transfered out Costs of ending WIP inventory Total costs accounted for $
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