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OceanBound uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling th Finished Goods Inventory before shipment to
OceanBound uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling th Finished Goods Inventory before shipment to marinas across the country. OceanBound's Testing Department requires no direct materials process. Other information follows for the month of August:
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The cost transferred into Finished Goods Inventory is the cost of the lifts transferred out of the Testing Department.
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Total units accounted for
Transferred
cosTS
Costs to account for:
tabletableBeginning workinprocessCosts added during the period$tabletablenana$table$tableTotal costs to account for,$$$Divided by: Total EUP,,Cost per equivalent unit,$$$Costs accounted for:tableCompleted and transferred outEnding workinprocess$tabletable
How can I findcosts accounted for: completed and trNsferred out, Ending work in process part of this question????
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