Exercise 8-44 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-2,4,5,6) 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 (11,500 units, 25% complete with respect to Finishing costs) Transferred in costs (from Mixing) Finishing conversion costs Current work (181,000 units started) Mixing costs Finishing costs $ 148,950 5,625 1,840,300 570, 500 The ending inventory has 15,500 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs. Required: a. Complete the production cost report using the FIFO method (Round "Cost per equivalent unlt" to 2 decimal places.) Physical Units Equivalent Units Mixing Finishing Department Department Flow of units Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Unite counted for Completed and transferred out