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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 T
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 (tron Department S) 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: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal place! 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 (tron Department S) 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: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal place
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