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
Quantity complete units
Transferredin costs from Mixing Department $
Conversion costs Processing Department
Total WIP cost: August $
Current production and costs August
Units started units
Current costs
Transferredin costs from Mixing Department $
Conversion costs Processing Department
Total current cost: August $
WIP Inventory Processing Department August
Quantity complete units
Transferredin costs from Mixing Department
Conversion costs Processing Department
Total WIP cost: August
Required:
a Complete the production cost report for August using the weightedaverage method.
