Refer to the information in Exercise 8-41.

Required
a. Prepare a production cost report using the FIFO method.
b. Is the ending inventory higher using FIFO or the weighted-average method? Why?
c. Would you recommend that Yarmouth use the FIFO method or the weighted-average method?Explain.

Data From Exercise 8-41:

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):

                                      

Required
Prepare a production cost report using the weighted-average method.