Business, 05.06.2020 21:04 georgesarkes12
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. Complete the production cost report using the FIFO method.
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Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting reco...
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