b

Lansing. Inc provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory (15,000 units, sex complete with respect to Department T costs) Transferred-in costs (fron Department 5) Department T conversion costs Current work (35, eee units started) Prior department costs Department T costs $ 115,00 53,150 280,000 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: o. Complete the production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places.) X Answer is not complete. Physical Units Equivalent Units Prior Department Department Flow of units Units lo be accounted for Beginning WIP Inventory Units started this period Total units to account for Unit accounted for Completed and transferred out Units in ording vente Pror department 15,000 35.000 50.000 Units Equivalent Units Prior Department Department T 15.000 35.000 50.000 Flow of units: Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Units accounted for Completed and transferred out Units in ending inventory Prior department Department T Total units accounted for 0 Total Prior Department Department T Flow of costs: o S Costs to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department Department Costs accounted for Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted for $ TO he we you hel completed so far Lansing. Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department s) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $116,800 53,150 289, Bee 299,950 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: a. Complete the production cost report using the weighted-average method. (Round "Cost per equlvalent unlt" to 2 decimal places.) Answer is not complete. Physical Units Equivalent Units Prior Department Department Flow of units