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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.
Required:
Complete the production cost report for August using FIFO.
Note: Round "Cost per equivalent unit" to 2 decimal places.
\table[[,\table[[Physical],[Units]],Equivalent Units],[\table[[Mixing],[Department]],\table[[Processing],[Department]]],[Flow of units:],[Units to be accounted for:],[Beginning WP inventory],[Units started this period],[Total units to account for],[Units accounted for:],[Completed and transferred out],[From beginning WP inventory],[Mixing],[Processing],[Started and completed currently],[Units in ending WIP inventory],[Mixing],[Processing],[Total units accounted for],[,Total,\table[[Mixing],[Department]],\table[[Processing],[Department]]],[Flow of costs:],[Costs to be accounted for:],[Costs in beginning WP inventory],[Current period costs],[Total costs to be accounted for],[Cost per equivalent unit],[Mixing],[Processing],[Costs accounted for:],[Costs assigned to units transfe,,,],[Costs from beginning WIP inve,,,],[Current costs added to comple,,,],[Mixing,,,],[Processing,,,],[Current costs of units started and,,,],[Mixing,,,],[Processing,,,],[Total costs transferred oul,,,],[Cost of ending WIP inventory,,,],[Mixing,,,],[Processing,,,],[Total costs accounted for,,,]]
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