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 ((8,900 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 45,140 Department T conversion costs 9,696 Current work (20,300 units started) Prior department costs 109,620 Department T costs 181,020
The ending inventory has 3,900 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.)
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