Prior Total Department Department T $ 0 $ 0 $ 0 Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department Department T Costs accounted for: Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted for $ + 0 % 0 % 0 Exercise 8-40 Prepare a Production Cost Report: Weighted Average Method (LO 8-2,3,4,6) 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 ((8,400 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (19,300 units started) Prior department costs Department T costs 38 390 7.480 94.570 145 920 The ending inventory has 3,400 units, which are 50 percent complete with respect to Department T costs and 100 percent complete for prior department costs