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. Tl uses process costing. Required: Complete the production cost report for August using FIFO Note: Round "Cost per equivalent unit" to 2 decimal places. \begin{tabular}{|c|c|c|c|} \hline & \multirow{2}{*}{\begin{tabular}{c} Physical \\ Units \end{tabular}} & \multicolumn{2}{|c|}{ Equivalent Units } \\ \hline & & \begin{tabular}{c} Mixing \\ Department \end{tabular} & \begin{tabular}{l} Processing \\ Department \end{tabular} \\ \hline \multicolumn{4}{|l|}{ Flow of units: } \\ \hline \multicolumn{4}{|l|}{ Units to be accounted for: } \\ \hline Beginning WIP inventory & 28,000 & & \\ \hline Units started this period & 75,000 & & \\ \hline Total units to account for & 103,000 & & \\ \hline \multicolumn{4}{|l|}{ Units accounted for: } \\ \hline \multicolumn{4}{|l|}{ Completed and transferred out } \\ \hline \multicolumn{4}{|l|}{ From beginning WIP inventory } \\ \hline \multicolumn{4}{|l|}{ Mixing } \\ \hline \multicolumn{4}{|l|}{ Processing } \\ \hline \multicolumn{4}{|l|}{ Started and completed currently } \\ \hline \multicolumn{4}{|l|}{ Units in ending WIP inventory } \\ \hline \multicolumn{4}{|l|}{ Mixing } \\ \hline Processing & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & Total & \begin{tabular}{c} Mixing \\ Department \end{tabular} & \begin{tabular}{l} Processing \\ Department \end{tabular} \\ \hline \multicolumn{4}{|l|}{ Flow of costs: } \\ \hline \multicolumn{4}{|l|}{ Costs to be accounted for: } \\ \hline \multicolumn{4}{|l|}{ Costs in beginning WIP inventory } \\ \hline \multicolumn{4}{|l|}{ Current period costs } \\ \hline Total costs to be accounted for & $ & $ & $ \\ \hline \multicolumn{4}{|l|}{ Cost per equivalent unit } \\ \hline \multicolumn{4}{|l|}{ Mixing } \\ \hline \multicolumn{4}{|l|}{ Procossing } \\ \hline Costs accounted for: & & & 3 \\ \hline \multicolumn{4}{|l|}{ Costs assigned to units transferred out: } \\ \hline \multicolumn{4}{|l|}{ Costs from beginning WIP inventory } \\ \hline \multicolumn{4}{|l|}{ Current costs added to complete beginning WIP inventory } \\ \hline \multicolumn{4}{|l|}{ Moxing } \\ \hline \multicolumn{4}{|l|}{ Processing } \\ \hline \multicolumn{4}{|l|}{ Current costs of units started and completed: } \\ \hline \multicolumn{4}{|l|}{ Mixing } \\ \hline \multicolumn{4}{|l|}{ Processing } \\ \hline Total mete trancferred nut & s & s & 8 \\ \hline \end{tabular} Total costs to be accounted for
