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CoursHeroTranscribedText: Yarmouth Company produces a liquid solvent in two departments. Mixing and Finishing. Accounting records...

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Accounting

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CoursHeroTranscribedText: 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, 600 units, 20% complete with respect to Finishing costs) Transferred-in costs (from Mixing) $ 143, 209 Finishing conversion costs 7, 664 Current work (101,200 units started) Mixing costs 1, 052, 480 Finishing costs 583,744 The ending inventory has 15,600 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs. Required: a. Complete the production cost report using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units

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