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. WIP Inventory Processing Department: August 1 Quantity (60% complete) Transferred-in costs (from Mixing Department) Conversion costs (Processing Department) Total WIP cost: August 1 Current production and costs (August) Units started Current costs Transferred-in costs (from Mixing Department) Conversion costs (Processing Department) Total current cost: August WIP Inventory Processing Department (August 31) Quantity (20% complete) Transferred-in costs (from Mixing Department) Conversion costs (Processing Department) Total WIP cost: August 31 Required: Complete the production cost report for August using FIFO. Note: Round "Cost per equivalent unit" to 2 decimal places. 28,000 units $ 33,890 13,612 $ 47,502 75,000 units $ 82,500 53,060 $ 135,560 13,000 units ?? ?? ?? Required: Complete the production cost report for August using FIFO. Note: Round "Cost per equivalent unit" to 2 decimal places. Flow of units: Units to be accounted for Beginning WP inventory Units started this period Equivalent Units Physical Units Mixing Processing Department Department 28,000 75,000 103,000 Total units to account for Units accounted for. Completed and transferred out From beginning WIP inventory 28,000 Mixing 0 Processing 11,200 Started and completed currently 62,000 62,000 62,000 Units in ending WIP inventory 13,000 Mixing 13,000 Processing Total units accounted for 2,600 103,000 75,000 75,800 Mixing Processing Total Department Department Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Mixing Processing Costs accounted for: Costs assigned to units transferred out Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Mixing Processing Current costs of units started and completed: Mixing Processing Total costs transferred out Cost of ending WIP inventory Mixing Processing Total costs accounted for $ 47,502 $ 33,890 $ 13,612 135,560 82,500 53,060 $183,062 $ 116,390 $ 66,672 $ 1.10 $ 0.70 $ 47,502 $ 33,890 $ 13,612 0 7,840 0 0 0 $ 47,502 $ 0 33,890 $ 21,452 $ 47,502 $ 33,890 $ 21,452