Terminal Industries TI produces a product using three departments: Mixing. Processing, and Filtering. New material is added only the Mixing Department. The following information is given for the Processing Department for August. Tl uses process costing.
Required:
a Complete the production cost report for August using the weightedaverage method. Note: Round "Cost per equlvalent unit" to declmal places.
tableFlow of units:,Physical Units,Equivalent UnitstableMixingDepartmenttableProcessingDepartmentUnits to be accounted for:Beginning WIP inventory,Units started this period,Total units to account for,Units accounted forCompleted and transferred outUnits in ending inventoryMixingProcessingTotal units accounted forTotal,tableMixingDepartmenttableProcessingDepartmentFlow of costs:Costs to be accounted for:Costs in beginning WIP inventoryCument period costsTotal costs to be accounted for,,Cost per equivalent unitMixingProoessingCosts accounted for:Costs assigned to units transferred outCosts of ending WiP inventoryTotal costs accounted for,$$
