Should the US be concerned that in 2018, China produced 19% of different goods and services in the world (value of production) and the United States produced only 15%?

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 (9,300 units, 30% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (21,100 units started) Prior department costs Department T costs $ 50,900 20,890 122,380 216,410 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: Complete the production cost report using FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)