Lansing Inc Provides the Following Information

Lansing Inc Provides the Following Information

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Lansing, Inc. provides the following information for one of its department’due south operations for June (no new material is added in Section T). WIP inventory-Department I Beginning inventory (viii,000 units, 208 complete with respect to Department T costs) Transferred-in costs (from Department S) 33, 350 Department I conversion costs nine, 020 Electric current work (18, 500 units started) Prior department costs 83, 250 Section I costs 168, 480 The catastrophe inventory has iii,000 units, which are 50 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: Consummate the production toll report using FIFO. (Circular "Price per equivalent unit" to two decimal places.) Equivalent Units Physical Prior Department Units Department T Flow of units: Units to be accounted for: Offset WIP inventory Units started this period Total units to account for 0 Units accounted for: Completed and transferred out From offset WIP inventory Prior section Department T Started and completed currently Units in catastrophe WIP inventory Prior section Department T Total units accounted for 0 0



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Flow of costs: Costs to be accounted for: Costs in first WIP inventory —-_- —m_m Cost per equivalent unit _—_ —_—_ Department T Costs accounted for: Costs assigned to units transferred out: Costs from beginning WIP inventory Electric current costs added to consummate commencement WlP inventory Prior section Department T Electric current costs of units started and completed: Prior department Section T Total costs transferred out Cost of ending WlP inventory Prior department Department T Total costs deemed for



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Lansing Inc Provides the Following Information

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