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Lansing, Inc. provides the following information for one of its departments operations for June (no new material is added in Department T). WIP inventoryDepartment T
Lansing, Inc. provides the following information for one of its departments operations for June (no new material is added in Department T).
WIP inventoryDepartment T | ||
Beginning inventory ((8,200 units, 20% complete with respect to Department T costs) | ||
Transferred-in costs (from Department S) | $ | 35,830 |
Department T conversion costs | 8,930 | |
Current work (18,900 units started) | ||
Prior department costs | 88,830 | |
Department T costs | 167,020 | |
The ending inventory has 3,200 units, which are 50 percent complete with respect to Department T costs and 100 percent complete for prior department costs.
a. Complete the production cost report using the weighted-average method.
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