CoursHeroTranscribedText: Lansing, Inc. provides the following information for one of its department's operations for June...
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CoursHeroTranscribedText: Lansing, Inc. provides the following information for one of its department's operations for June [no new material is added in Department T]. NIP inventoryDepartment T Beginning inventory ((9,369 units, 38% complete with respect to Department T costs) Transferred-in costs ('From Department 5) $ 58,989 Department T conversion costs 28,390 Current work (21,100 units started] Prior department costs 122,383 Department T costs 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: a. Complete the production cost report using the weightedaverage method. {Round "Cost per equivalent unit" to 2 decimal places.) 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 ending inventory Pn'or department Dep artment T Total units accounted for
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