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 (11,500 units, 25% complete with respect to Finishing costs)
Transferred-in costs (from Mixing)	$ 140,950
Finishing conversion costs	5,625
Current work (101,000 units started)
Mixing costs	1,040,300
Finishing costs	570,500

The ending inventory has 15,500 units, which are 50 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. (Round "Cost per equivalent unit" to 2 decimal places.)

	Physical Units	Equivalent Units
		Mixing Department	Finishing Department
Flow of units:
Units to be accounted for:
Beginning WIP inventory	------
Units started this period	--------
Total units to account for	--------
Units accounted for:
Completed and transferred out	-------	---------	--------
Units in ending inventory	----------
Mixing		----------
Finishing			---------------
Total units accounted for	----------------	----------------	------------------

	Total	Mixing Department	Finishing Department
Flow of costs:
Costs to be accounted for:
Costs in beginning WIP inventory	------------	------------------------	-----------------------------
Current period costs	-------------	-------------------	-----------------------
Total costs to be accounted for	------------	--------------------	------------------------
Cost per equivalent unit
Mixing		------------------
Finishing			---------------------
Costs accounted for:
Costs assigned to units transferred out	-----------	---------------------	-------------------------
Costs of ending WIP inventory	----------	---------------------	----------------------
Total costs accounted for	---------	-------------------	-------------------------

*ANSWER needs to be filled in the space that is marked "-------------"

Answer 1