Question: Exercise 8-43 (Algo) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 4) Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing,
Exercise 8-43 (Algo) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 4) 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 (10,100 units, 25% complete with respect to Finishing costs) Transferred-in costs (from Mixing) Finishing conversion costs Current work (98, 200 units started) Mixing costs Finishing costs $ 111,550 5,472 873,980 420,567 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.) Physical Units Equivalent Units Mixing Department Finishing Department low of units Units to be accounted for
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