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I would love some assistance with knowing how to calculate all of these please. I have looked at other examples on how to do these,
I would love some assistance with knowing how to calculate all of these please. I have looked at other examples on how to do these, but no one seems to put how you go the answers and I am really struggling with getting all of the right answers. Please help!
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 ((9,200 units, 2 complete with respect to Department T costs) Transferred in costs (from Departments) Department T conversion costs Current work (20,928 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.) Physical Unite Equivalent Unite Prior Department Department Flaw of units Units to be accounted for: Beginning WIP inventory Units started this period Talal units to account for Units accounted for Completed and transferred out Unitsin ending inventory Prior department Department Total units accounted for Total Prior Department Department T Flaw of costs: Casts to be accounted for Costs in beginning WIP inventory Current period casts Total costs to be accounted for Cost per equivalent unit Prior department Department T Casts accounted for: Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted forStep by Step Solution
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