ANSWER THE HIGHLIGHTED PORTIONS ONLY Yarmouth Company produc

ANSWER THE HIGHLIGHTED PORTIONS ONLY!!!

Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following nformation for Finishing operations for February (no new material is added in the Finishing Department): WIP inventory-Finishing Beginning inventory (10,300 units, 25% complete with respect to Finishing costs) Transferred-in costs (from Mixing) Finishing conversion costs Current work (98,800 units started) Mixing costs Finishing costs S 115,510 9,295 897.260 436.370 The ending inventory has 14,300 units, which are 50 percent complete with respect to Fishing Department costs and 100 percent complete for Mixing Department costs.

Solution

Answer

particulars	total	mixing department	finishing department
flow of costs
costs to be accounted for
cost of beginning WIP inventory	124805	115510	9295
current period costs	1334630	897260	437370
total cost to be accounted for	1459435	1012770	446665
cost per equivalent unit
prior department		9.30
department T			4.39
costs accounted for
costs assigned to units transferred out	1295057	879780	415277
costs of ending WIP inventory	164378	132990	31388
total costs accounted for	1459435	1012770	446665