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 (9,200 units, 20% complete with respect to Department T costs)
Transferred-in costs (from Department S) $49,430
Department T conversion costs $13,760
Current work (20,900 units started)
Prior department costs $119,130
Department T costs $235,440
The ending inventory has 4,200 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 FIFO. (Round "Cost per equivalent unit" to 2 decimal places.)
