armouth 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 (11,900 units, 20% complete with respect to Finishing costs)     Transferred-in costs (from Mixing) $ 150,070 Finishing conversion costs   8,675 Current work (101,800 units started)     Mixing costs   1,089,260 Finishing costs   619,264     The ending inventory has 15,900 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.)

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 (no new material is added in the Finishing Department).

 

     
WIP inventory—Finishing    
Beginning inventory (11,900 units, 20% complete with respect to Finishing costs)    
Transferred-in costs (from Mixing) $ 150,070
Finishing conversion costs   8,675
Current work (101,800 units started)    
Mixing costs   1,089,260
Finishing costs   619,264
 

 

The ending inventory has 15,900 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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