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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