Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. yarmouth company produces a liquid solvent in two

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

50.1K

Verified Solution

Question

Accounting

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 inventoryFinishing
Beginning inventory (11,300 units, 25% complete with respect to Finishing costs)
Transferred-in costs (from Mixing) $ 136,510
Finishing conversion costs 11,085
Current work (100,600 units started)
Mixing costs 1,016,060
Finishing costs 547,695

The ending inventory has 15,300 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.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

Mr Butler would like to in gray How many squ

Biology
1.2K views

what is the difference between top down and bottom up processing?

Biology
1.2K views

The K+ concentration inside a nerve cell is found to be 20x higher outside the cell...

Psychology
1.2K views

What are the 7 criteria for evaluating resources ? Explain each and how will use each...

Basic Math
1.2K views

Describe a scenario where a researcher could use a Goodness of Fit Test to answer a...

Accounting
1.2K views

Tony and Suzie graduate from college in May 2018 and begin developing their new business. They...

Biology
1.2K views

Which step differentiates an acid fast stain from a Gram s stain O decolorizer primary...

Basic Math
1.2K views

Find the 4th term in the expansion of (a + b) in simplest form.Answer:Submit Answer

Accounting
1.2K views

In the balance sheet above, what would the asset...

Accounting
1.2K views

Use reliable online resources to research DoddFrank Wall Street Reform and Consumer Protection Act, 2010...

Accounting
1.2K views

Discuss Cost Volume Profit (CVP) and the assumptions that are used with this method. Find...

Finance
1.2K views

emergency please !! THIS IS A BONUS QUESTION: You expect...