Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing Accounting records an Yarmouth show the following information for Finishing operations for February tho 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) Finishing conversion costs Current work (99,400 units started) Mixing costs Finishing costs The ending inventory has 14,700 units, which are 50 percent complete with respect to Finishing Departme and 100 percent complete for Mixing Department costs. Flow of units Units to be accounted for Region WIP inventory $ 123,678 8,003 Required: Complete the production cost report using the weighted-average method. (Round "Cost per equivalent decimal places.) Physical Units 944,300 472,867 Mixing Department Equivalent Units Finishing Department

Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing Accounting records an Yarmouth show the following information for Finishing operations for February tho 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) Finishing conversion costs Current work (99,400 units started) Mixing costs Finishing costs The ending inventory has 14,700 units, which are 50 percent complete with respect to Finishing Departme and 100 percent complete for Mixing Department costs. Flow of units Units to be accounted for Region WIP inventory $ 123,678 8,003 Required: Complete the production cost report using the weighted-average method. (Round "Cost per equivalent decimal places.) Physical Units 944,300 472,867 Mixing Department Equivalent Units Finishing Department

Name: Yarmouth Company produces a liquid solvent in two departments: Mixing
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Description: Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records atYarmouth show the following information for Finishing operations for February (no new material is added in theFinishing Department)WIP inventor

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...

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