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 ((7,700 units, 20% complete with respect to Department T costs) Transferred-in costs (from Department 5) Department T conversion costs Current work (17,900 units started) Prior department costs Department T costs $ 29,780 6,815 75,180 136,260 The ending inventory has 2,700 units, which are 50 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: .. Complete the production cost report using the weighted average method. (Round "Cost per equivalent unite" to 2 decimal places.) Physical Units Equivalent Units Prior Department T Department Flow of units Units to be accounted for Beginning WIP inventory Units started this period Total units to account for I Units accounted for Completed and transferred out Units in ending inventory Prior department Department T Total units accounted for Total Prior Department 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 + 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