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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 (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 116,000 Department T conversion costs 53,150 Current work (35,000 units started) Prior department costs 280,000 Department T costs 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: Complete the production cost report using FIFO

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Physical Units Equivalent Units Prior Department Department Flow of units Units to be accounted for Beginning WIP inventory Units started this period 15,000 35,000 50,000 Total units to account for Units accounted for: Completed and transferred out From beginning WIP inventory 15,000 Prior department Department T Started and completed currently Units in ending WIP inventory 5,000 Prior department Department T Total units accounted for 20,000 0 0

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