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Terminal Industries ( TI ) produces a product using three departments: Mixing, Processing, and Filtering. New material is added only in the Mixing Department. The
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 Quantity completeunitsTransferredin costs from Mixing Department$ Conversion costs Processing DepartmentTotal WIP cost: August $ Current production and costs AugustUnits startedunitsCurrent costsTransferredin costs from Mixing Department$ Conversion costs Processing DepartmentTotal current cost: August$ WIP Inventory Processing Department August Quantity completeunitsTransferredin costs from Mixing DepartmentConversion costs Processing DepartmentTotal WIP cost: August
Required:
a Complete the production cost report for August using the weightedaverage method.
Note: Round "Cost per equivalent unit" to decimal places.
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