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Lansing, Inc. provides the following information for one of its department's operations for June (no now material is added in Department Ty $ WP inventory
Lansing, Inc. provides the following information for one of its department's operations for June (no now material is added in Department Ty $ WP inventory Department Beginning inventory 118,100 units, 20% complete with respect to Department Transformed in Cost from Departments Department T conversion costs Current work (18.700 units started Prior department costs Department Tools 7.974 86,020 156,510 The ending inventory has 3,100 units, which are 60 percent complete with respect to Department costs and 100 percent complete for prior department costs. Required: 2. Complete the production cost report using the weighted average method. (Round "Coct par equivalent unit" to 2 deolmal pladec.) Physical Unite Equivalent Unit Prior Department T Department Flow of units Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Units accounted for Completed and transferred out Units in ording inventory Prior department Department Total units accounted for Total Prior Department Department $ 0$ Ols Flow of costs: Costs to be accounted for Costs in beginning WP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department Department Costs accounted for Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted for $ os $
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