$2$

Terminal Industrles $($TI$)$ produces a product using three departments: Mixing, Processing, and Filtering. New materlal Is added only in the Mixing Department. The following Information is given for the Processing Department for August. TI uses process costing.

$\backslash$table$[[$Quantity $(60\%$ complete$),29,500,$units$],[$Transferred$-$in costs $($from Mixing Department$),$$$37,610,],[$Conversion costs $($Processing Department$),13,672,],[$Total WIP cost: August $1,$$$51,282,],[$Current production and costs $($August$)],[$Units started,$76,500,$units$],[$current costs$],[$Transferred$-$in costs $($from Mixing Department$),$$$87,300,],[$Conversion costs $($Processing Department$),56,100,],[$Total current cost: August,$$143,400,],[$WIP Inventory Processing Department $($August $31)],[$Quantity $(20\%$ complete$),14,500,$units$],[$Transferred$-$in costs $($from Mixing Department$),??,],[$Conversion costs $($Processing Department$),??,],[$Total WIP cost: August $31,??,]]$

Required:

a$.$ Complete the production cost report for August using the weighted$-$average method.

Note: Round "Cost per equlvalent unit" to $2$ decimal places.

$\backslash$table$[[,$Physical Units,Equivalent Units$],[,\backslash$table$[[$Mixing$],[$Department$]],\backslash$table$[[$Processing$],[$Department$]]],[$Flow of units:$],[$Units to be accounted for:$],[$Beginning WIP inventory$],[$Units started this period$],[$Total units to account for$],[$Units accounted for:$],[$Completed and transferred out$],[$Units in ending inventory$],[$Mixing$],[$Processing$],[$Total units accounted for$],[,$Total,$\backslash$table$[[$Mixing$],[$Department$]],\backslash$table$[[$Processing$],[$Department$]]],[$Flow of costs:$],[$Costs to be accounted for:$],[$Costs in beginning WIP inventory$],[$Current period costs$],[$Total costs to be accounted for$],[$Cost per equivalent unit$],[$Mixing$],[$Processing$],[$Costs accounted for:$],[$Costs assigned to units transferred out$],[$Costs of ending WIP inventory$],[$Total costs accounted for,,,$]]$