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. MIP 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) 30,000 units $38,850 13,692 $52,542 77,000 units $88,900 57,100. $146,000 15,000 units 27 Total WIP cost: August 31 Required: 22 ?? a. Complete the production cost report for August using the weighted average method. Note: Round "Cost per equivalent unit" to 2 decimal places. Flow of units Units to be accounted for Beginning WIP inventory Iinite startart this narind Equivalent Units Physical Units Mixing Department Processing Department 38,850