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Exercise 8-42 (Static) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2,3,4,6) 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 $ 116,000 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 compl- for prior department costs. Required: a. Complete the production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal plac Physical Units Equivalent Units Prior Department T Department Flow of units: Units to be accounted for: + Beginning WIP inventory Units started this period Total units to account for 0 G Noyt Department Flow of units: Units to be accounted for: Beginning WIP inventory Units started this period Total units to account for 0 Units accounted for: Completed and transferred out Units in ending inventory Prior department Department T Total units accounted for 0 0 0 Total Prior Department Department T Flow of costs: Costs to be accounted for: $ 0 $ 0 $ Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department Department T Costs accounted for Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted for $ 0 $ 0 $ 0