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 wor) pertains to the testing department for the month of July. Work-in-Process Inventory, July 1 6,000 units Transferred-in costs 86,950 won (100% complete) Costs added in July Direct materials 31,705 won (100% complete) Conversion 41,840 won (80% 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: 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 % % 96 Input: Beginning WIP Units started or trans-in Total to account for Output: Units completed/trans-out Ending WIP Total to account for % Equivalent Units: Weighted Average Equivalent Units: Weighted Average Trans-in Direct Materials Conversion Units completed Eq. units in ending WIP Equivalent units produced Cost Added (in Korean won) Unit Cost Determination (in Korean Won): Testing Department Direct Materials Conversion Total Trans-in + Beginning WIP Current costs Total Divide by equivalent units Cost per EU Cost Assignment - Weighted Average (in Korean won) Cost Assignment - Weighted Average (in Korean won) Completed and WIP Trans-out units Total units Finished goods Ending WIP Trans-in costs Direct materials Conversion cost Total cost accounted for KRW 2. Check the most recent issue of The Wall Street Journal or www.federalreserve.gov/releases/110/hist/ to learn the exchange rate between the U.S. dollar and the South Korean won. Essay Toolbar navigation BIUS EE !!! A2 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 wor) pertains to the testing department for the month of July. Work-in-Process Inventory, July 1 6,000 units Transferred-in costs 86,950 won (100% complete) Costs added in July Direct materials 31,705 won (100% complete) Conversion 41,840 won (80% 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: 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 % % 96 Input: Beginning WIP Units started or trans-in Total to account for Output: Units completed/trans-out Ending WIP Total to account for % Equivalent Units: Weighted Average Equivalent Units: Weighted Average Trans-in Direct Materials Conversion Units completed Eq. units in ending WIP Equivalent units produced Cost Added (in Korean won) Unit Cost Determination (in Korean Won): Testing Department Direct Materials Conversion Total Trans-in + Beginning WIP Current costs Total Divide by equivalent units Cost per EU Cost Assignment - Weighted Average (in Korean won) Cost Assignment - Weighted Average (in Korean won) Completed and WIP Trans-out units Total units Finished goods Ending WIP Trans-in costs Direct materials Conversion cost Total cost accounted for KRW 2. Check the most recent issue of The Wall Street Journal or www.federalreserve.gov/releases/110/hist/ to learn the exchange rate between the U.S. dollar and the South Korean won. Essay Toolbar navigation BIUS EE !!! A2