Module 7 Homework 0 Saved Help Save 3. Exit Submit Check my will Terminal Industries {Tl} 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 costings 10 WIP Inventory Processing Department: August 1 palms Quantity {68% complete) 38,088 units Transferred-in costs {from Mixing Department) 5 33,858 Conversion costs (Processing Department) 13,692 Total NIP cost: August 1 $ 521542 A current production and costs (August) BEECH Units started 77,088 units Current costs _ Transferred-in costs (from Mixing Department} $ 33,988 E Conversion costs (Processing Department) 57,188 Prlm Total current cost: August $ 1461033 HIP Inventory Processing Department (August 31) IEI Quantity {28% complete) 15,088 units RE, Transferredin costs ifrom Mixing Department) 7? mums Conversion costs (Processing Departmentl 't? Total HIP cost: August 31 T? Required: a. Complete the production cost report for August using the weighted-average method. Note: Round \"Cost per equivalent unit" to 2 decimal places. Flow of units: Units {0 be accounted lbr: Beginning WIF' inventory 3 Units started this period Total units to account for Units amounted for: Completed and transferred out