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 (10,700 units, 20% complete with respect to Finishing costs)

Transferred-in costs (from Mixing)..............................................................$123,670

Finishing conversion costs.............................................................................8,003

Current work (99,400 units started)

Mixing costs..........................................................................................944,300

Finishing costs.......................................................................................472,867

The ending inventory has 14,700 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs.

BOTH OF THE BELOW CHARTS ARE REQUIRED:

a. Complete the production cost report using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.)

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Physical Units Equivalent Units Finishing Mixing Departmen Department Flow of units: Units to be accounted for: Beginning WIP inventory Units started this period Total units to account for Units accounted for: Completed and transferred out From beginning WIP inventory Mixing Finishing Started and completed currently Units in ending WIP inventory Mixing Finishing Total units accounted for Finishing Mixing Departme Total Departme Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for O$ O$ Cost per equivalent unit Mixing Finishing Costs accounted for: Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Mixing Finishing Current costs of units started and completed: Mixing Finishing Total costs transferred out 0$ O$ Cost of ending WIP inventory Mixing Finishing Total costs accounted for O$ %24 %24 %24 %24