The ending inventory has 4,300 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.)

Transcribed Image 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-Department T Beginning inventory (9,300 units, 30% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (21,100 units started) Prior department costs Department T costs $ 50,900 20,890 122,380 216,410 The ending inventory has 4,300 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.) 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-Department T Beginning inventory (9,300 units, 30% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (21,100 units started) Prior department costs Department T costs $ 50,900 20,890 122,380 216,410 The ending inventory has 4,300 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.)

Answer rating: 100% (QA)

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