help Costs to be accounted for:Costs in beginning WIP inventoryCurrent period costsTotal costs to be accounted forCost per equivalent unitMixingProcessingCosts accounted for:Costs assigned to units transferred out:Costs from beginning WIP inventoryCurrent costs added to complete beginning WIP inventoryMixingProcessingCurrent costs of units started and completed.MixingProcessingTotal costs transferred outCost of ending WIP inventoryMixingProcessingTotal ensts accounted for$S$ 63,192$ 63,192Sal sS0$OSalsob solve accurate with everything in proper wayTerminal Industries (TI) produces a product using three departments: Mixing, Processing, and Filtering. New material is added only inthe Mixing Department. The following information is given for the Processing Department for August. Tl uses process costing.WIP Inventory Processing Department: August 1Quantity (60% complete)Transferred-in costs (from Mixing Department)Conversion costs (Processing Department)Total WIP cost: August 1Current production and costs (August)Units startedCurrent costsTransferred-in costs (from Hixing Department)Conversion costs (Processing Department)Total current cost: AugustWIP Inventory Processing Department (August 31)Quantity (20% complete)Transferred-in costs (from Mixing Department)Conversion costs (Processing Department)Total WIP cost: August 31Required:Complete the production cost report for August using FIFO,Note: Round "Cost per equivalent unit" to 2 decimal places.From beginning WIP inventoryMixingProcessing-Started and completed currentlyUnits in ending WIP inventoryMixingProcessingTotal units accounted forFlow of costs:28,000 units$ 47,98015,212$ 63,19275,000 units$ 115,92069,060$ 184,98013,000 units22??2728,00013,00041,000Total00Mixing ProcessingDepartment Department

Name: help Costs to be accounted for:Costs in beginning WIP inventoryCurrent
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: help Costs to be accounted for:Costs in beginning WIP inventoryCurrent period costsTotal costs to be accounted forCost per equivalent unitMixingProcessingCosts accounted for:Costs assigned to units transferred out:Costs from beginning WIP inventoryCu