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WIP inventoryDepartment T Beginning inventory ((9,100 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 47,980 Department T conversion
WIP inventoryDepartment T | |||||||
Beginning inventory ((9,100 units, 20% complete with respect to Department T costs) | |||||||
Transferred-in costs (from Department S) | $ 47,980 | ||||||
Department T conversion costs | 12,654 | ||||||
Current work (20,700 units started) | |||||||
Prior department costs | 115920 | ||||||
| 223890 | ||||||
The ending inventory has 4,100 units, which are 60 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.)
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