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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 ((9,300 units, 30% complete with respect to Department T costs) | ||
Transferred-in costs (from Department S) | $ | 50,900 |
Department T conversion costs | 20,890 | |
Current work (21,100 units started) | ||
Prior department costs | 122,380 | |
Department T costs | 216,410 | |
The ending inventory has 4,300 units, which are 50 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.)
B I > Question 4 - Module 7 Homewox + + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fathens.blackboard.com%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_group_id%253Dnull%6252.. !!! Apps > Machine Identificati Save & Ext Submit Module 7 Homework Reading list Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not Indicate completion. Return to question 4 The ending inventory has 4,300 units, which are 50 percent complete with respect to Department costs and 100 percent complete for prior department COST 10 Required: e. Complete the production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places.) -("" .) Answer is not complete. Physical inits Equivalent Units Prior Department Department T 0.300 21.100 30.400 Plan of a Una sebe accounted for Beginning inventor Units started this seriod Total units to con unts accounted for Compies and tratarred but Untinencing inventory Prior department Department Total Rended for 20,100 20,150 25.100 30.100 20.100 25.100 Total Prior Department Department T IS 2009 173.200 287.300 410.580 30,900 122.810 173.280 218.410 287.300 18 S $ Flower Costed for Coats in beginning winter Current peod osta Total costs to be mounted to Coret per un Prier department Department Coate accounted for Cesis aired to stand out Care anti WP inventory Totalter 3 306.0103 308.0103 20.010 2.150 18.275 9 370.100 3908.010 9 285.286 Mc Graw HallStep by Step Solution
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