Lansing, Inc provides the following information for one of its department's operations for June (no new material is adde

[answerhappygod]

Lansing Inc Provides The Following Information For One Of Its Department S Operations For June No New Material Is Adde 1 (50.67 KiB) Viewed 37 times

Lansing Inc Provides The Following Information For One Of Its Department S Operations For June No New Material Is Adde 2 (80.53 KiB) Viewed 37 times

Lansing, Inc provides the following information for one of its department's operations for June (no new material is added in Department 1 points WIP inventory Department T Beginning inventory (15,000 units, ex complete with respect to Department T costs) Transferred-in costs (from Department 5) Department T conversion costs Current work (35,000 units started) Prior department costs Department T costs $ 116,000 53,150 Book 280,000 209,050 Print 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: Complete the production cost report using FIFO (Round "Cost per equivalent unit" to 2 decimal places.) References Equivalent Units Prior Department Department T Physical Units 15.000 35,000 50 000 Flow of units Units to be accounted for Boginning WIP inventory Units started this period Total units to account for Units accounted for Completed and transferred out From beginning WIP inventory Prior department Department Started and completed currently Units in onding WIP inventory Prior department Department Totate account for 5,000 5,000 1.000 100 5000 5. 990 A M

1 points Physical Units Equivalent Units Prior Department Department T eBook 15,000 35,000 50,000 Print bo 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 From beginning WIP Inventory Prior department Department Started and completed currently Units in ending WP inventory Prior department Department Total units accounted for References 5,000 5,000 1.000 1.000 5,000 5,000 Total Prior Department Department $ 169,150 $ 489,050 $ 658.2005 116,000 s 53,150 280.000 209,050 396,000 $ 262,200 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 from beginning WIP inventory Current costs added to complete beginning WIP inventory Prior department Department Current costs of units started and completed Prior department Department Total costs transferred out Cost of ending WIP inventory Prior department Department Total costs accounted for $ 0 0 $ os 05 0