WIP inventoryDepartment T Beginning inventory (9,100 units, 20% complete with respect...
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Accounting
WIP inventoryDepartment T
Beginning inventory (9,100 units, 20% complete with respect to Department T costs)
Transferred-in costs (from Department S)
$47980
Department T conversion costs
12,654
Current work (20,700 units started)
Prior department costs
115920
Department T costs
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:
Complete the production cost report using FIFO.(Round "Cost per equivalent unit" to 2 decimal places.)
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