Lansing Inc provides the following information for one of ts department's operations for June (no new material is added in Depertment WIP iventery-bepartnent T egiasing iaventory (15,000 unita, cs complete with respect to Departaent T costa) Tranaferred-ia coeta (from bepartnest ) Departent T eonversion eosts Current vork (35,000 units atarted) Prier departnent eoste Departnent T coste 6,000 20,000 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to DepartmentT costs and 100 percent complete Mor prior department costs. Required Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places)
Lansing Inc provides the following information for one of ts department's operations for June (no new material is added in Depertment WIP iventery-bepartnent T egiasing iaventory (15,000 unita, cs complete with respect to Departaent T costa) Tranaferred-ia coeta (from bepartnest ) Departent T eonversion eosts Current vork (35,000 units atarted) Prier departnent eoste Departnent T coste 6,000 20,000 209,050 The ending inventory has 5,000 units, which are 20 percent complete with respect to DepartmentT costs and 100 percent complete Mor prior department costs. Required Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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a. Complete the production cost report using the weighted-average method.
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