Exercise 8-41 (Algo) Prepare a Production Cost Report: FIFO Method (LO 8-2, 4, 5) Lansing, Inc. provides the following information for one of its departments operations for June (no new material is added in Department T). WIP inventoryDepartment T Beginning inventory (8,100 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department S) $ 34,580 Department T conversion costs 7,974 Current work (18,700 units started) Prior department costs 86,020 Department T costs 155,610 The ending inventory has 3,100 units, which are 60 percent complete with respect to Department T costs and 100 percent complete for prior department costs.