Question
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):
WIP inventoryFinishingBeginning inventory (10,400 units, 20% complete with respect to Finishing costs)Transferred-in costs (from Mixing)$117,520Finishing conversion costs3,980Current work (98,800 units started)Mixing costs908,960Finishing costs445,984
The ending inventory has 14,400 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.)
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