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Exercise 8 - 5 0 ( Algo ) Prepare a Production Cost Report: Weighted - Average Method ( L 0 8 - 2 , 3
Exercise Algo Prepare a Production Cost Report: WeightedAverage Method L
Terminal Industries T produces a product using three departments: Mixing. Processing, and Filtering. New material is added only in
the Mixing Department. The following information is glven for the Processing Department for August. TI uses process costing.
Required:
a Complete the production cost report for August using the weightedaverage method.
Note: Round "Cost per equivalent unit" to decimal places.
Answer is complete but not entirely correct.
ATT: My results were:
Mixing Dep:
Cost Assigned ; $Tried and and all wrong
Ending WIP: $Tired and and all wrong
So the total for physical units is wrong due to worng ending ending WIP.
Please, explanation and calculations, so I can see what Im missing!
Thank you for the help!
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