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hello Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T) WIP i
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Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T) WIP i Beginning inventory (19,200 units, 20% complete with respect to Department T t T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (20,900 units started) Prior department costs Department T costs $ 49,430 13,760 119,130 235,440 The ending inventory has 4,200 units, which are 50 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 equivalent unit" to 2 decimal places.) Equivalent Units Prior Physical Units Department T Flow of units: Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Units accounted for Units in ending inventory Prior department Total units accounted forStep by Step Solution
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