Question
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 ((7,600 units, 25% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 28,630 Department T conversion costs 9,924 Current work (17,700 units started) Prior department costs 72,570 Department T costs 145,340 The ending inventory has 2,600 units, which are 60 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.) Need Physical Units table for Equivalent Units as well as a total table.
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