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Terminal Industries (TI) produces a product using three departments: Mixing, Processing, and Filtering. New material...

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Accounting

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 1Quantity (60% complete)28,000unitsTransferred-in costs (from Mixing Department)$ 33,890Conversion costs (Processing Department)13,612Total WIP cost: August 1$ 47,502Current production and costs (August)Units started75,000unitsCurrent costsTransferred-in costs (from Mixing Department)$ 82,500Conversion costs (Processing Department)53,060Total current cost: August$ 135,560WIP Inventory Processing Department (August 31)Quantity (20% complete)13,000unitsTransferred-in costs (from Mixing Department)??Conversion costs (Processing Department)??Total WIP cost: August 31??
Required:
a. Complete the production cost report for August using the weighted-average method.
Note: Round "Cost per equivalent unit" to 2 decimal places.
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