inventory using average e method compared to FIFO? Why? 8-41. Prepare a Production Cost Report: FIFO Method 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, 60% complete with respect to Department T costs). Transferred-in costs (from Department S) Department T conversion costs $ 116,000 53,150 . . . . . . . . . Current work (35,000 units started) Prior department costs. 280,000 Department T costs 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 0.01) (21 19 000,00) 0,04) Prepare a production cost report using FIFO. 8-42. Prepare a Production Cost Report: Weighted-Average Method phips: