Exercise 8-42 (Algo) Prepare a Production Cost Report: Weighted-Average Method (LO 8-2, 3, 4, 6) Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department ). WIP inventory-Department T Beginning inventory ((9,400 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department S) Department T conversion costs Current work (21,300 units started) Prior department costs Department T costs 125,670 202.950 The ending inventory has 4,400 units, which are 60 percent complete with respect to Department costs and 100 percent complete for prior department costs. Required: . 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 00 Flow of units Uns to be counted for Boginning WIP inventory Units stated this period T unt for UW UI UITS 9,400 16,900 26,300 Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Units accounted for Completed and transferred out Units in ending inventory Prior department Department Total units accounted for Department Total Prior Department 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 of onding WIP inventory Total costs accounted for