- * . Ch 8 Exercises - - - * GMAT Test The Del Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate comple Lansing. Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). NIP inventory Department T Beginning inventory (8,100 units, 20 complete with respect te Department costs) Transferred-in costs (from Department S) Department T conversion costs Current work (18,700 units started) Prior department costs Department T costs $ 34,589 7,974 6,020 155,610 The ending Inventory has 3,100 units, which are 60 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.) x Answer is not complete. Physical Units Equivalent Units Prior Department Department Flow of units onca robe counted for 8.100 A ng Inventory 18.700 U tented in a period K Prey 9 10 Next > i W M . GMAT Test: The Del Ch 8 Ercises Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion 9 Answer is not complete Flow of units Une to be accounted for A Units started this period Total units to account for ats accounded for Completed and transferred out From beginning WIP inventory Prior department Department Started and completed currently Units in ending WIP inventory Prior department Department Total units accounted for 15.000 15,000 3.100 3.100 18.700 Prior Department Department Flow of costs Costs to be accounted for Costs in beginning WIP inventory Current ceniod costs 4264 241.630 9 of 10 !! Next > mere to search 9 H Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Cosits to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for 3 3 12.06434.000 241.030 86,020 $ 284,184 120,000 7. 074 155,610 163,584 0.50 0.83 Cost per equivalent unit Prior department Department Costs accounted for Costs assigned to units transferred out Costs from beginning WIP inventory current costs added to complete beginning WIP inventory Prior department Department Current costs of units started and completed: Prior department Department Total costs transferred out Cost of ending WIP inventory Prior department Department Total costs accounted for ere to search 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 (8,100 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (18,700 units started) Prior department costs Department T costs 34,580 7,974 86,020 155,610 The ending inventory has 3,100 units, which are 60 percent complete with respect to Department T costs and 100 percent compl for prior department costs. Required: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.) Answer is not complete. Physical Units Equivalent Units Prior Department Department T Flow of units Units Department 8,100 18,700 26,800 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 From beginning WIP inventory Prior department Department T Started and completed currently Units in ending WIP inventory Prior department Department T Total units accounted for 8,100 15,600 3.100 15.600 6,480 15,600 3.100 26,800 18,700 1,860 23,940 Total Prior Department $ 284,184 $ 120,000 > 163,584 6,50 % 6.83 x Total costs to be accounted for Cost per equivalent unit Prior department Department T Costs accounted for Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Prior department Department T Current costs of units started and completed: Prior department Department T Total costs transferred out Cost of ending WIP inventory Prior department Department T Total costs accounted for 0 S 0 $ - * . Ch 8 Exercises - - - * GMAT Test The Del Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate comple Lansing. Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). NIP inventory Department T Beginning inventory (8,100 units, 20 complete with respect te Department costs) Transferred-in costs (from Department S) Department T conversion costs Current work (18,700 units started) Prior department costs Department T costs $ 34,589 7,974 6,020 155,610 The ending Inventory has 3,100 units, which are 60 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.) x Answer is not complete. Physical Units Equivalent Units Prior Department Department Flow of units onca robe counted for 8.100 A ng Inventory 18.700 U tented in a period K Prey 9 10 Next > i W M . GMAT Test: The Del Ch 8 Ercises Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion 9 Answer is not complete Flow of units Une to be accounted for A Units started this period Total units to account for ats accounded for Completed and transferred out From beginning WIP inventory Prior department Department Started and completed currently Units in ending WIP inventory Prior department Department Total units accounted for 15.000 15,000 3.100 3.100 18.700 Prior Department Department Flow of costs Costs to be accounted for Costs in beginning WIP inventory Current ceniod costs 4264 241.630 9 of 10 !! Next > mere to search 9 H Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Cosits to be accounted for Costs in beginning WIP inventory Current period costs Total costs to be accounted for 3 3 12.06434.000 241.030 86,020 $ 284,184 120,000 7. 074 155,610 163,584 0.50 0.83 Cost per equivalent unit Prior department Department Costs accounted for Costs assigned to units transferred out Costs from beginning WIP inventory current costs added to complete beginning WIP inventory Prior department Department Current costs of units started and completed: Prior department Department Total costs transferred out Cost of ending WIP inventory Prior department Department Total costs accounted for ere to search 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 (8,100 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (18,700 units started) Prior department costs Department T costs 34,580 7,974 86,020 155,610 The ending inventory has 3,100 units, which are 60 percent complete with respect to Department T costs and 100 percent compl for prior department costs. Required: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.) Answer is not complete. Physical Units Equivalent Units Prior Department Department T Flow of units Units Department 8,100 18,700 26,800 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 From beginning WIP inventory Prior department Department T Started and completed currently Units in ending WIP inventory Prior department Department T Total units accounted for 8,100 15,600 3.100 15.600 6,480 15,600 3.100 26,800 18,700 1,860 23,940 Total Prior Department $ 284,184 $ 120,000 > 163,584 6,50 % 6.83 x Total costs to be accounted for Cost per equivalent unit Prior department Department T Costs accounted for Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Prior department Department T Current costs of units started and completed: Prior department Department T Total costs transferred out Cost of ending WIP inventory Prior department Department T Total costs accounted for 0 S 0 $
