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Lansing, Inc. provides the following information for one of its department's operstions for June (no new materials added in Department T. $ 33,50 WIP Inventory
Lansing, Inc. provides the following information for one of its department's operstions for June (no new materials added in Department T. $ 33,50 WIP Inventory Department Beginning inventory ((8,6 units, 28% complete with respect to Departsont T costs) Transferred-in costs from Departments) Department T conversion costs Current work (18,5 units started) Prior department costs Department T costs 83,25 The ending inventory has 3,000 units, which are 50 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: .. Complete the production cost report using the weighted-sverage method (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units Prior Department Department T Flow of units Unts to be accounted for Beginning WIP inventory Units started this period Total units to account for Uhis accounted for Completed and transferred out Units in ording inventory Prior department Department Total units accounted for Total Prior Department Department Flow of onts: Costs to be accounted for ols Ols 0 Costs in beginning WP nvatory Current period osts Total costs to be accounted for Cost per equivalent un Prior department Department Costs accounted for Costs assigned to units transformed out Costs of onding WIP inventory Total costs counted for 0 $ ols
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