AquaMate uses three processes to manufacture lifts for personal watercraft forming a Iff's parts from galvanized steel, assembling the lif, and testing the completed in$.$

$($Click the icon to view additional information$)$

The cost transferred into Finished Goods invent AquaMate uses the weighted$-$average method.

Read the requirements.

AquaMate

Production Cost Report$-$Testing Department

Month Ended August $31$

$\backslash$table$[[,,$Equlvalent Units$],[,$Physical,Transferred,Direct,Conversion$],[$UNITS$,$Units,In$,$Materials,Costs$],[,,,,]]$

More info

Units to account for

Units accounted for

The lifts are transferred to Finished Goods Inventory before shipment to maninas across the country. AquaMate'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

Transforred 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, $$98,000$; $ $117,000$ conversion cost, $$19,000)$

Transferred in from the Assembly Department during the period $701,800$

Conversion costs added during the period

$87,080$

Costs to account for:

Total costs to account for

Cost per equivalent unit

Costs accounted for

Total costs accounted for