all info is here that was given please answer whole question. thank you so much and please make sure answer isnt cut off. ch. 3 1/2

WaterWorthy uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift, and testing the completed it (Click the icon to view additional information.) The cost transferred into Finished Goods Inventory is the cost of the lifts transferred out of the Testing Department. WaterWorthy uses the weighted average method Read the requirements More info The lifts are transferred to Finished Goods Inventory before shipment to marinas across the country. WaterWorthy's Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the testing process. Other information follows for the month of August: UNITS Beginning Work-in-Process Inventory Transferred in from Assembling Department during the period Completed during the period Ending Work-in-Process Inventory (40% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs, $91,000; conversion cost, $21,000) 2,100 units 6,700 units 3,900 units 4,900 units $ 112,000 1 More info August 2,100 units 6,700 units 3,900 units 4,900 units UNITS Beginning Work-in-Process Inventory Transferred in from Assembling Department during the period Completed during the period Ending Work-in-Process Inventory (40% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs, $91,000; conversion cost, $21,000) Transferred in from the Assembly Department during the period Conversion costs added during the period $ 112,000 674,600 78,620 Requirements 1. Prepare a production cost report for the Testing Department 2. What is the cost per unit for lifts completed and transferred out to Finished Goods Inventory? Why would management be interested in this cost? Requirement 1. Prepare a production cost report for the Testing Department (Round all cost per unit amounts to the nearest cont and all other amounts to the nearest whole dollar Abbreviation used EUP-equivalent units of production) WaterWorthy Production Cost Report-Testing Department Month Ended August 31 Equivalent Units Physical Transferred Direct Conversion UNITS Units In Materials Costs Units to account for Total units to account for Units accounted for Units accounted for: n/a n/a n/a Total units accounted for Transferred Conversion Total Direct Materials In Costs Costs COSTS Costs to account for n/a na Total costs to account for n/a n/a n/a Cost per equivalent unit Costs accounted for Costs accounted for na n/a n/a Total costs accounted for Requirement 2. What is the cost per unit for lifts completed and transterred out to Finished Goods Inventory? Why would management be interested in this cost? The cost per unit for lifts completed and transferred out to Finished Goods Triventory is perlin Why would management be interested in the cost per unit for lifts completed and transferred out to Finished Goods Inventory? O A Managers use the cost per lift for external financial reporting specifically to calculate the ending inventory balances on the Balance Shet. B. Managers use tho cost per ift for external financial reporting-specifically to calculate the cost of Goods Sold on the Income Statement OC. Managers would compare the average cost per lift against their budgeted costs to determine whether the costs of the Testing Department remain undur control. If budgeted costs are higher than the actual average cost per lift, then the managers have done a good job controlling costs. In contrast, ir the budgeted costs are lower than the actual average cost per lift, managers will investigate the reason for the higher than expected costs in an effort to regain control over costs OD. All of the above are reasons why management would be interested in this cost per unit for its completed and transferred out to Finished Goods Inventory