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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,
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. Work-in-Process Inventory, July 1 Transferred-in costs Costs added in July Direct materials Conversion 6,000 units 97,550 won (100% complete) 34,725 won (100% complete) 48,560 won (80% complete) During the month of July, 15,000 units were transferred in from the assembly department at the cost of 149,200 won, and the testing department added costs of 210,520 won, as follows: Direct materials Conversion 96, 720 won 113, 800 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% 60% Required 1. Prepare the production cost report of the testing department for the month of July using weighted average process costing. (Round "Cost per EU" answers to 2 decimal places.) Process Cost Report Production Quantity Information Stage of Completion Physical Units Trans-in Direct Materials Conversion % % % 0 Input: Beginning WIP Units started or trans-in Total in process Output: Units completed/trans-out Ending WIP Total out process % % % 0 Equivalent Units: Weighted Average Trans-in Direct Materials Conversion Units completed Eq. units in ending WIP Equivalent units produced 0 0 0 Cost Added (in Korean won) Unit Cost Determination (in Korean won): Testing Department Direct Materials Conversion Total Trans-in 0 0 Beginning WIP Current costs Total Divide by equivalent units Cost per EU 0 0 0 0 0.00 Cost Assignment - Weighted Average (in Korean won) Completed and Trans-out WIP units Total units Finished goods Ending WIP Trans-in costs Direct materials Conversion cost Total costs to account for 0 0 KRW
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