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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
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 ((8,100 units, 20% complete with respect to Department T costs) Transferred in costs (from Department 5) Department T conversion costs Current work (18,700 units started) Prior department costs Department T costs $ 34,580 7,974 86,020 155,610 The ending inventory has 3,100 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.) Flow of units Units to be accounted for Beginning WIP inventory Physical Units Equivalent Units Prior Department Department T 8,100 Units started this period 18,700 Total units to account for 26.800
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