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es Terminal Industries (TI) produces a product using three departments. Mixing, Processing, and Filtering. New material is added only in the Mixing Department. The
es Terminal Industries (TI) produces a product using three departments. Mixing, Processing, and Filtering. New material is added only in the Mixing Department. The following information is given for the Processing Department for August. Tl uses process costing. WIP Inventory Processing Department: August 1 Quantity (60% complete) Transferred-in costs (from Mixing Department) Conversion costs (Processing Department), Total WIP cost: August 1 Current production and costs (August) Units started Current costs Transferred-in costs (from Mixing Department) Conversion costs (Processing Department) Total current cost: August WIP Inventory Processing Department (August 31) Quantity (20% complete) Transferred-in costs (from Mixing Department) Conversion costs (Processing Department) Total WIP cost: August 31 Required: Complete the production cost report for August using FIFO. Note: Round "Cost per equivalent unit" to 2 decimal places. 28,000 units $ 47,980 15,212 $ 63,192 75,000 units $ 115,920 69,060 $ 184,980 13,000 units ?? 22 ??
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