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. (Round "Cost per equivalent unit" to 2 decimal places.)

Lansing, Inc. provides the following information for one of its departments operations for June (no new material is added in Department T).

\begin{tabular}{|c|c|c|c|} \hline & & \multicolumn{2}{|c|}{ Equivalent Units } \\ \hline & \begin{tabular}{l} Physical \\ Units \end{tabular} & \begin{tabular}{c} Prior \\ Department \end{tabular} & Department T \\ \hline \multicolumn{4}{|l|}{ Flow of units: } \\ \hline \multicolumn{4}{|l|}{ Units to be accounted for: } \\ \hline Beginning WIP inventory & 15,000 & & \\ \hline Units started this period & 35,000 & & \\ \hline Total units to account for & 50,000 & & \\ \hline \multicolumn{4}{|l|}{ Units accounted for: } \\ \hline \multicolumn{4}{|l|}{ Completed and transferred out } \\ \hline From beginning WIP inventory & 15,000 & & \\ \hline Prior department & & 45,000 & \\ \hline \multicolumn{4}{|l|}{ Department T } \\ \hline \multicolumn{4}{|l|}{ Started and completed currently } \\ \hline Units in ending WIP inventory & 5,000 & & \\ \hline Prior department & & 5,000 & \\ \hline \multicolumn{4}{|l|}{ Department T} \\ \hline \multirow[t]{2}{*}{ Total units accounted for } & 20,000 & 50,000 & 0 \\ \hline & Total & \begin{tabular}{c} Prior \\ Department \end{tabular} & Department T \\ \hline \multicolumn{4}{|l|}{ Flow of costs: } \\ \hline \multicolumn{4}{|l|}{ Costs to be accounted for: } \\ \hline \multicolumn{4}{|l|}{ Costs in beginning WIP inventory } \\ \hline \multicolumn{4}{|l|}{ Current period costs } \\ \hline Total costs to be accounted for & 0 & $ & $ \\ \hline \multicolumn{4}{|l|}{ Cost per equivalent unit } \\ \hline \multicolumn{4}{|l|}{ Prior department } \\ \hline \multicolumn{4}{|l|}{ Department T} \\ \hline \multicolumn{4}{|l|}{ Costs accounted for: } \\ \hline \multicolumn{4}{|l|}{ Costs assigned to units transferred out: } \\ \hline \multicolumn{4}{|l|}{ Costs from beginning WIP inventory } \\ \hline \multicolumn{4}{|c|}{ Current costs added to complete beginning WIP inventory } \\ \hline \multicolumn{4}{|l|}{ Prior department } \\ \hline \multicolumn{4}{|l|}{ Department T} \\ \hline \multicolumn{4}{|l|}{ Current costs of units started and completed: } \\ \hline \multicolumn{4}{|l|}{ Prior department } \\ \hline Department T & & & \\ \hline Total costs transferred out & 0 & $ & $ \\ \hline Cost of ending WP inventory & & & \\ \hline Prior department & & & \\ \hline Department T & & & \\ \hline Total costs accounted for & $ & $ & $ \\ \hline \end{tabular}