Exercise 8-49 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) 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. the Mixing Department. The following information is given for the Processing Department for August. Tl uses proce Exercise 8-49 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) 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. the Mixing Department. The following information is given for the Processing Department for August. Tl uses proce