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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 information
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: a. Complete the production cost report for August using the weighted-average method. Note: Round "Cost per equivalent unit" to 2 decimal places. \begin{tabular}{|c|c|c|c|} \hline & Physical Units & \multicolumn{2}{|c|}{ Equivalent Units } \\ \cline { 2 - 4 } & & Mixing Department & Processing Department \\ \hline Flow of units: & & & \\ \hline Units to be accounted for: & & & \\ \hline Beginning WIP inventory & & & \\ \hline Units started this period & & & \\ \hline Total units to account for & & & \\ \hline Units accounted for: & & & \\ \hline Completed and transferred out & & & \\ \hline Units in ending inventory & & & \\ \hline Mixing & & & \\ \hline Processing & & & \\ \hline Total units accounted for & & & \\ \hline & & & \\ \hline Total & & & \\ \hline Flow of costs: & & & \\ \hline Costs to be accounted for: & & & \\ \hline Costs in beginning WIP inventory & & & \\ \hline Current period costs & & & \\ \hline Total costs to be accounted for & & & \\ \hline Cost per equivalent unit & & & \\ \hline Mixing & & & \\ \hline Processing & & & \\ \hline Costs accounted for: & & & \\ \hline Costs assigned to units transferred out & & & \\ \hline Costs of ending WIP inventory & & \\ \hline Total costs accounted for & & \\ \hline \end{tabular}
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