Exercise 8-50 (Algo) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 3, 4, 6) 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. TI uses process costing \begin{tabular}{|l|l|l|l|} \hline Processing & & & \\ \hline Total units accounted for & & & \\ \hline Flow of costs: & Total & \begin{tabular}{c} Mixing \\ Department \end{tabular} & \begin{tabular}{c} Processing \\ Department \end{tabular} \\ \hline Costs to be accounted for: & & & \\ \hline Costs in beginning WIP inventory & & & \\ \hline Current period costs & & & \\ \hline Total costs to be accounted for & & & \\ \hline Cost per equivalent unit & & & \\ \hline Mixing & & & \\ \hline Processing & & & \\ \hline Costs accounted for: & & & \\ \hline Costs assigned to units transferred out & & & \\ \hline Costs of ending WIP inventory & & & \\ \hline Total costs accounted for & & & \\ \hline \end{tabular} Required: a. Complete the production cost report for August using the weighted-average method. Note: Round "Cost per equivalent unit" to 2 decimal places