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.

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

28,000 units

$ 43,750

14,912

$58,662

75,000 units

$106,530

66,060

$ 172,590

13,000 units

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Required:

Complete the production cost report for August using FIFO

Note: Round "Cost per equivalent unir" to 2 decimal places.

Terminal tndustries (T) produces a product using three departments: Mxing. Processing. and Filtering. New material is added only in the Mixling Department. The following information is given for the Processing Department for August. TI uses process costing Required: Complete the production cost report for August using FIFO. Note: Round "Cast per equivalent unit" to 2 decimal places. Required: Complete the production cost report for August using FIFO. Note: Round "Cost per equivalent unit" to 2 decimal places