Chapter 8 Homework A Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 9 Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). 1 points WIP inventory Department. T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs from Department S) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $116,000 53, 150 280,000 209,050 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.) x Answer is not complete. Physical Units Equivalent Units Prior Department Department T Flow of units: Units to be accounted for: Beginning WIP Inventory Units started this period Total units to account for Units accounted for 15,000 35,000 50,000 Mc Graw Hill Chapter 8 Homework A Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Vivo 9 TULGI Law QUAL Units accounted for: Completed and transferred out From beginning WIP Inventory prid Prior department Department T 15,000 0 1 points 6.000 30,000 30,000 30,000 5,000 Started and completed currently Units in ending WIP inventory Prior department Department Total units accounted for 5.000 1,000 37.000 50,000 35.000 Total Prior Department Department T $169,150 $ 489,050 $658,200 $ 116,000$ 280,000 396,000 $ 53,150 209,050 262,200 $ 11.31 X 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 Current costs added to complete beginning WIP inventory Prior department honarmant T $ 7.09 X $169,150 $ $ 116.000 $ 53,150 Mc Graw Hill Chapter 8 Homework Saver Help Save & Exit Submit Check my work 9 Total Prior Department Department T 1 1 points $ 169,150 $ 489,050 S 658,200 $ 116,000 s 280.000 396,000 S $ 53,150 209,050 262,200 cBook $ 11.31 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 Costs accounted for Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Prlor department " Department T semarnom Current costs of units started and completed: S S 7.09 Print $ 169,150 $ 116,000 S 53,150 References Prilor department S $ 169,150 $ $ 116.000 S 53,150 Department T Total costs transferred out Cost of ending WIP inventory Prior department Department T Total costs accounted for S 169,150 $ 116,000 S 53,150 Mc Graw Hill Chapter 8 Homework A Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 9 Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). 1 points WIP inventory Department. T Beginning inventory (15,000 units, 60% complete with respect to Department T costs) Transferred-in costs from Department S) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $116,000 53, 150 280,000 209,050 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.) x Answer is not complete. Physical Units Equivalent Units Prior Department Department T Flow of units: Units to be accounted for: Beginning WIP Inventory Units started this period Total units to account for Units accounted for 15,000 35,000 50,000 Mc Graw Hill Chapter 8 Homework A Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Vivo 9 TULGI Law QUAL Units accounted for: Completed and transferred out From beginning WIP Inventory prid Prior department Department T 15,000 0 1 points 6.000 30,000 30,000 30,000 5,000 Started and completed currently Units in ending WIP inventory Prior department Department Total units accounted for 5.000 1,000 37.000 50,000 35.000 Total Prior Department Department T $169,150 $ 489,050 $658,200 $ 116,000$ 280,000 396,000 $ 53,150 209,050 262,200 $ 11.31 X 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 Current costs added to complete beginning WIP inventory Prior department honarmant T $ 7.09 X $169,150 $ $ 116.000 $ 53,150 Mc Graw Hill Chapter 8 Homework Saver Help Save & Exit Submit Check my work 9 Total Prior Department Department T 1 1 points $ 169,150 $ 489,050 S 658,200 $ 116,000 s 280.000 396,000 S $ 53,150 209,050 262,200 cBook $ 11.31 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 Costs accounted for Costs assigned to units transferred out: Costs from beginning WIP inventory Current costs added to complete beginning WIP inventory Prlor department " Department T semarnom Current costs of units started and completed: S S 7.09 Print $ 169,150 $ 116,000 S 53,150 References Prilor department S $ 169,150 $ $ 116.000 S 53,150 Department T Total costs transferred out Cost of ending WIP inventory Prior department Department T Total costs accounted for S 169,150 $ 116,000 S 53,150 Mc Graw Hill