Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth...


WIP inventory—Finishing
Beginning inventory (10,100 units, 25% complete with respect to Finishing costs)
Transferred-in costs (from Mixing)	$	111,550
Finishing conversion costs		5,472
Current work (98,200 units started)
Mixing costs		873,980
Finishing costs		420,567

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.)

Solutions

Expert Solution

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ekkarill92 answered 1 year ago

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