From beginning WP inventory Pror department DepartmentT Started and completed ourently Units in ending WiP inventory Prior department Department T Total units acoounted for Prior Department Department...

Complete the production cost report using FIFO.

Extracted text: From beginning WP inventory Pror department DepartmentT Started and completed ourently Units in ending WiP inventory Prior department Department T Total units acoounted for Prior Department Department T Total Flow of costs: Costs to be accounted for Costs in beginning WIP inventory Curent period costs Total costs to be accounted for Cost per equivalent unit Prior department Department T Costs accounted for: Costs assigned lo units transfered out Costs from beginning WIP invertory Curent costs added to complete beginning WIP inventory Pror department Department T Cuent costs of units started and completed Prior department Department T Total costs transforred out Cost of ending WIP inventory Prior department Department T Tota costs accounted for


Extracted text: 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-bepartment T beginning inventory (15,00 unite, 60 eomplete with respect to Departnent T coste) Tranaferred-in costa (from Departnent ) Departnent T conversion coste Current vork (35,000 unite started) Prior departaent costa Department T costa B116,000 53,150 280,000 209,0s0 The ending inventory has 5,000 units, which are 20 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.) Equivalent Units Physical Units Prior Department Department T Flow of units Unts to be accounted for Beginning WIP invertory Units started this period Total units to account for Units accounted for Compieted and transferred out From beginning WIP inventory Prior department Departmont T Surted and compieted curerty Units in ending WiP inventory Pror department Department T Tota units acOounted for