Exercise 8-42 (Static) 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 (15,000 units, 601 complete with respect to Department T Costa) Transferred-in costs (from Department S) $116,000 Department T conversion costs 53, 150 Current work (35,000 units started) Prior department costs 280,000 Department T costa 209.050 The ending inventory has 5,000 units, which are 20 percent complete with respect to Department T 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.) a. Complete the production cost report using the weighted average method. (Round "Cost p Physical Units Equivalent Units Prior Department T Department 0 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 0 0 Total Prior Department Department T Flow of costs Costs to be accounted for Costs in beginning WIP inventory Cont narinnat Department T Total units accounted for 0 0 Total Prior Department Department T 0 s es 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 $ $ 0 0