Question: Exercise 8-44 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5, 6) Yarmouth Company produces a liquid solvent in two departments: Mixing

departments: Mixing and Finishing. Accounting records at Yarmouth show the following information

Exercise 8-44 (Static) 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). The ending inventory has 42,000 units, which are 60 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 unit" to 2 decimal places.) Required: a. Complete the production cost report using the fIFO method. (Round "Cost per equivalent unit" to 2 decimal places.)

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