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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 1
Quantity (60% complete)31,250 units
Transferred-in costs (from Mixing Department) $ 41,950
Conversion costs (Processing Department)13,742
Total WIP cost: August 1 $ 55,692
Current production and costs (August)
Units started 78,250 units
Current costs
Transferred-in costs (from Mixing Department) $ 92,900
Conversion costs (Processing Department)59,600
Total current cost: August $ 152,500
WIP Inventory Processing Department (August 31)
Quantity (20% complete)16,250 units
Transferred-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.

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