ReefWave uses three prockssos to manulbcturo 1has for porsional watctcraft focmeng a Ifrs paits from galvanirod stool, assembling the litt, and hesfing tho conglated ift Testeng Depoutrent HoctWire uses meighides merege process costng (1) (Clcik tho icon fo vow Aoditional mitarmation). Food tha cectexements oquivitecel unts of production) More info The lifts are transferred to Finished Goods Inventory before shipment to marinas across the country. ReefWave's Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the testing process. Other information follows for the month of August: 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? Reetwave Productoon Cost Report Testing Department Month Ended August 21 Equbgien units Physiesi Transferred Direct Cenversion. UNITS Unts te arcourt for foted unts to account tor Unes accounted lor tok an units accourfict for