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