Lansing, Inc. provides the following information for one of itsdepartment’s operations for June (no new material is added inDepartment T):
| | |
| WIP inventory—Department T | | |
| Beginning inventory (8,500 units, 30% complete with respect toDepartment T costs) | | |
| Transferred-in costs (from Department S) | $ | 39,700 |
| Department T conversion costs | | 15,190 |
| Current work (19,500 units started) | | |
| Prior department costs | | 97,500 |
| Department T costs | | 168,350 |
|
The ending inventory has 3,500 units, which are 60 percentcomplete with respect to Department T costs and 100 percentcomplete for prior department costs.
Required:
Complete the production cost report using FIFO. (Round"Cost per equivalent unit" to 2 decimal places.)
