AquaMate uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift and testing the completed lift. ci (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 AquaMate uses weighted-average process costing Read the requirements Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) 0 More Info - X AquaM Production Cost Report Month Ended The Ts are uansrerred to rise UOVUS TVennory Delure sprem o manas HCTOSS me 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: Physical To UNITS UNITS Units Beginning Work-in-Process Inventory 1,700 units Units to account for Transferred in from Assembling Department during the period 7,300 units Beginning work-in-process 1,700 Completed during the period 3,700 units Choose from any list or enter any number in the input field Ending Work-in-Process Inventory (40% complete for conversion work) 5,300 units COSTS 2 parts Beginning Work-in-Process Inventory (transferred in costs, 591,000; Check Answer conversion cost $22.000 $ 114.000 Check Answer 3 remaining i 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? Print | Done ] Print Done Requirement 1. Prepare a production cost report for the Testing Department (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production) AquaMate Production Cost Report-Testing Department Month Ended August 31 Equivalent Units Physical Transferred Direct Conversion Units in Materials Costs UNITS Units to account for Beginning work-in-process 1,700 Units to account for: Beginning work-in-process 1,700 7,300 Transferred in 9,000 Total units to account for Units accounted for: Completed and transferred out Ending work-in-process 3.700 3,700 5,300 3,700 5,300 9,000 n/a n/a 2,120 9,000 n/a 5,820 Total units accounted for Transferred Direct Materials Conversion Costs Total Costs COSTS Material Costs to account for: n/a Total costs to account for n/a n/a n/a Cost per equivalent unit AquaMate uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift and testing the completed lift. ci (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 AquaMate uses weighted-average process costing Read the requirements Requirement 1. Prepare a production cost report for the Testing Department. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) 0 More Info - X AquaM Production Cost Report Month Ended The Ts are uansrerred to rise UOVUS TVennory Delure sprem o manas HCTOSS me 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: Physical To UNITS UNITS Units Beginning Work-in-Process Inventory 1,700 units Units to account for Transferred in from Assembling Department during the period 7,300 units Beginning work-in-process 1,700 Completed during the period 3,700 units Choose from any list or enter any number in the input field Ending Work-in-Process Inventory (40% complete for conversion work) 5,300 units COSTS 2 parts Beginning Work-in-Process Inventory (transferred in costs, 591,000; Check Answer conversion cost $22.000 $ 114.000 Check Answer 3 remaining i 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? Print | Done ] Print Done Requirement 1. Prepare a production cost report for the Testing Department (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production) AquaMate Production Cost Report-Testing Department Month Ended August 31 Equivalent Units Physical Transferred Direct Conversion Units in Materials Costs UNITS Units to account for Beginning work-in-process 1,700 Units to account for: Beginning work-in-process 1,700 7,300 Transferred in 9,000 Total units to account for Units accounted for: Completed and transferred out Ending work-in-process 3.700 3,700 5,300 3,700 5,300 9,000 n/a n/a 2,120 9,000 n/a 5,820 Total units accounted for Transferred Direct Materials Conversion Costs Total Costs COSTS Material Costs to account for: n/a Total costs to account for n/a n/a n/a Cost per equivalent unit
