Complete Production Cost Report using WEIGHTED AVERAGE METHOD

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 I Beginning inventory ((7,600 units, 25% complete with respect to Department I costs) Transferred-in costs (from Department 5) Department I conversion costs Current work (17,700 units started) Prior department costs Department I costs 28,630 9,924 72,570 145,340 The ending inventory has 2,600 units, which are 60 percent complete with respect to Department I costs and 100 percent complete for prior department costs. Required: a. Complete the production cost report using the weighted average method. (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units Prior Department Department T Flow of units. Units to be accounted for Beginning WIP inventory Physical Units Equivalent Units Prior Department Department Flow of units: Units to be accounted for. Beginning WIP inventory Units started this period Total units to account for 0 Units accounted for: -7 Completed and transferred out Units in ending inventory Prior department Department T Total units accounted for 0 O Total Prior Department Department T Flow of costs Costs to be accounted for: Costs in beginning WIP inventery Current period costs Total costs to be accounted for S 0 $ 0 S Dost per equivalent unit Prior department Dep tment Costs accounted for Costs assigned to un ts transferred out Costs of ending WIP inventory Tota costs accounted for 0 0 $ 0