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Complete the production cost report

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Question - 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 (11,400 units, 20% complete with respect to Finishing costs)

Transferred-in costs (from Mixing) $138,720

Finishing conversion costs 7,010

Current work (100,800 units started)

Mixing costs 1,028,160

Finishing costs 560,304

The ending inventory has 15,400 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.

Reference no: EM133156038

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