Lansing, Inc. provides the following information for one of its departments operations for June (no...
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Accounting
Lansing, Inc. provides the following information for one of its departments operations for June (no new material is added in Department T).
WIP inventoryDepartment T Beginning inventory ((9,000 units, 25% complete with respect to Department T costs)
Transferred-in costs (from Department S) $ 46,550
Department T conversion costs 15,700 Current work (20,500 units started)
Prior department costs 112,750
Department T costs 207,050
The ending inventory has 4,000 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 weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)
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