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Calgary corporation produces a liquid solvent

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Reference no: EM13876613

Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume that Calgary Corporation provides you with the following information for finishing operations for November (no new material is added in the Finishing Department): 

WIP inventory Finishing Beginning inventory (10,000 units, 30% complete with respect to finishing costs) Transferred in costs (from Mixing)................................. $ 109,600
Finishing conversion costs.............................................. 11,006
Current work (98,000 units started)Mixing 
costs................................................................... 862,400
Finishing costs............................................................... 398,594
The ending inventory has 14,000 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs.

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

Reference no: EM13876613

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