! Required information (The following information applies to the questions displayed below.) Sanyo Corporation manufactures a popular model of business calculators in a suburb of Seoul, South Korea. The production process goes through two departments: assembly and testing. The following information (in thousands of South Korean currency, the won) pertains to the testing department for the month of July. 6,000 units 86,950 won (100% complete) Work-in-Process Inventory, July 1 Transferred-in costs Costs added in July Direct materials Conversion 31,705 won (100% complete) 41,840 won (808 complete) During the month of July, 15,000 units were transferred in from the assembly department at the cost of 147,200 won, and the testing department added costs of 208,200 won, as follows: Direct materials Conversion 95, 600 won 112,600 won During the month, 18,000 units were completed and transferred to the warehouse. At July 31, the completion percentage of Work-in-Process was as follows: Direct materials Conversion 90$ 608 2. Check the most recent issue of The Wall Street Journal or www.federalreserve.gov/releases/H10/hist/ to learn the exchange rate between the U.S. dollar and the South Korean won. ! Required information (The following information applies to the questions displayed below.) Sanyo Corporation manufactures a popular model of business calculators in a suburb of Seoul, South Korea. The production process goes through two departments: assembly and testing. The following information (in thousands of South Korean currency, the won) pertains to the testing department for the month of July. 6,000 units 86,950 won (100% complete) Work-in-Process Inventory, July 1 Transferred-in costs Costs added in July Direct materials Conversion 31,705 won (100% complete) 41,840 won (808 complete) During the month of July, 15,000 units were transferred in from the assembly department at the cost of 147,200 won, and the testing department added costs of 208,200 won, as follows: Direct materials Conversion 95, 600 won 112,600 won During the month, 18,000 units were completed and transferred to the warehouse. At July 31, the completion percentage of Work-in-Process was as follows: Direct materials Conversion 90$ 608 2. Check the most recent issue of The Wall Street Journal or www.federalreserve.gov/releases/H10/hist/ to learn the exchange rate between the U.S. dollar and the South Korean won