Lansing, Inc. provides the following information for one of its department's operations for June (no...
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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). DO WIP Inventory Department T Beginning Inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs (fron Departments) Department i conversion costs Current work (35,000 units started) Prior department costs Department T costs $ 116,000 53,150 280,000 209,85e ences The ending Inventory has 5,000 units, which are 20 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: 6. Complete the production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units Prior Department Department Flow of units Units to be accounted for Bopinning WIP inventory Units started this period Total units to account for Units accounted for Completed and transforred out
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