Lansing, Inc. provides the following information for one of its department's operations for June (no new materlal is added in Department T) WIP inventory-Department T beginning inventory (9,200 units,...

Complete the production cost report using FIFO.


Extracted text: Lansing, Inc. provides the following information for one of its department's operations for June (no new materlal is added in Department T) WIP inventory-Department T beginning inventory (9,200 units, 201 complete with respect to Department T costs) Transferred-in costa (fron Departnent S) Departsent T converaion costs Current vork (20,900 unita started) Prior departnent costa Departnent 7 costa $ 49,430 13,760 119,130 235,440 The ending Inventory has 4,200 units, which are 50 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 Department Physical Prior Department Units Flow of units Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Unts accounted for Compieted and transferred out From beginning WIP invertory Prior department Department T Started and completed currerty Units in ending WIP inventory Prior department Department T Total units occounted for Prior Department Department Total Flow of costs: Costs to bo accounted for Next


Extracted text: Prior dep Department T Total units accounted for Prior Department Department Total Flow of costs Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Prior department Department T Costs accounted for Costs assigned to units transferred out Costs from beginning WIP inventory Curent costs added to complete beginning WIP inventory Prior department Department T Current costs of units started and completed: Prior department Department T Total costs transferred out Cost of ending WIP inventory Prior department Department T Total costs accounted for