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Question 9 Chapter 8 Cost Accounting Exercise 8-50 (Algo) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 3, 4, 6) Terminal Industries (TI) produces

Question 9 Chapter 8 Cost Accounting

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.

WIP Inventory Processing Department: August 1
Quantity (60% complete) 31,750 units
Transferred-in costs (from Mixing Department) $ 43,190
Conversion costs (Processing Department) 13,762
Total WIP cost: August 1 $ 56,952
Current production and costs (August)
Units started 78,750 units
Current costs
Transferred-in costs (from Mixing Department) $ 94,500
Conversion costs (Processing Department) 60,600
Total current cost: August $ 155,100
WIP Inventory Processing Department (August 31)
Quantity (20% complete) 16,750 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 equivalent unit" to 2 decimal places.

These need to be answered in the chart form

I need this ASAP please.

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