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Exercise 8-42 Prepare a Production Cost Report FIFO Method (LO 8-2, 4,5,6) Yarmouth Company produces a liquid solvent in two departments Mixing and Finishing. Accounting records at Yarmouth show th $ Pinventory finishing Beginning inventory / 900 units, 20% complete with respect to Finishing costs) transferred in costs from Mong) Fishing conversion costs Current work (10/800/units started Muling costs Firstong costs 150.00 8,875 1,089,260 619.284 The ending inventory has 5 000 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent ce Required a. Complete the production cost report using the FIFO method (Round Cost per equivalent unit to 2 decimal places.) Physical Units Equivalent Units Finishing Department Department Mixing Flow of units Units to be accounted for Beginning inventory Units started this period Total units to account for Units accounted for Completed and transferred out From beginning WP inventory Mixing Finishing Staned and completed currently Unitsin ending NMP inventory Niang Finishing Total hits accounted for Total Mixing Finishing Department Department flow of costs Costs to be a counted for costs in beginning on Exercise 8-42 Prepare a Production Cost Report FIFO Method (LO 8-2, 4,5,6) Yarmouth Company produces a liquid solvent in two departments Mixing and Finishing. Accounting records at Yarmouth show th $ Pinventory finishing Beginning inventory / 900 units, 20% complete with respect to Finishing costs) transferred in costs from Mong) Fishing conversion costs Current work (10/800/units started Muling costs Firstong costs 150.00 8,875 1,089,260 619.284 The ending inventory has 5 000 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent ce Required a. Complete the production cost report using the FIFO method (Round Cost per equivalent unit to 2 decimal places.) Physical Units Equivalent Units Finishing Department Department Mixing Flow of units Units to be accounted for Beginning inventory Units started this period Total units to account for Units accounted for Completed and transferred out From beginning WP inventory Mixing Finishing Staned and completed currently Unitsin ending NMP inventory Niang Finishing Total hits accounted for Total Mixing Finishing Department Department flow of costs Costs to be a counted for costs in beginning on

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