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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 following
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 HIP 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 MIP cost: August 11 Required: 30,000 units $ 38,050 13,692 $ 52,542 77,000 units $88,900 57,100 $146,000 15,000 units ?? ?? 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 Equivalent Units Physical Units Mixing Department Processing Department 222 Drau Navi
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