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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) WIP inventory-Department T Beginning inventory ((8,500 units, 30% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (19,500 units started) Prior department costs Department T costs $ 39,700 15,190 97,500 168,350 The ending inventory has 3,500 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.) Answer is complete but not entirely correct. Physical Units Equivalent Units Prior Department Department Flow of units Units to be accounted for Beginning WIP inventory Units started this period 8.500 19.500 28,000 Total units to account for Units accounted for mpleted and transferred 24,500 16,000 21,950 out Units in ending inventory 3,500 Prior department Department T 3,500 2,100 24,050 Total units accounted for 28,000 19,500 Answer is complete but not entirely correct. Prior Department Department Total Flow of costs Costs to be accounted for: Costs in beginning WIP inventory S 54,890 Current period costs tal costs to be accounted for 39,700S 15,190 265,85097,50168,350 S 320,740 S 137,200 S 183,540 Cost per equivalent unit Prior department 5.00 7.00 Department T Costs assigned to units transferred Costs of ending WIP inventory Costs accounted for: S 288,540 x S 119,700 x S168,840 14,700 S 320,740 137,200 S 183,540 out 32,200 17,500 Total costs accounted for

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