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)
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 4P
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a. Complete the production cost report using the weighted-average method.
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