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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 (12,000 units, 30% complete with respect to Finishing costs)
Transferred-in costs (from Mixing)$152,400
Finishing conversion costs 16,300
Current work (102,000 units started)
Mixing costs 1,101,600
Finishing costs 614,400 The ending inventory has 16,000 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs. Required:
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