rsonal watercraft: forming a lift's parts from galvanized steel, The cost transferred HU PUSTILU LOUV U SeaBound uses weighted average process costing. i More Info lar. Abbreviatic esting De Bound ort-Testin ed Augus The lifts are transferred to Finished Goods Inventory before shipment to marinas across the country. SeaBound's Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the testing process. Other information follows for the month of August: Transfer 1,600 units in 6,900 units 4,200 units 4,300 units UNITS Beginning Work-in-Process Inventory Transferred in from Assembling Department during the period Completed during the period Ending Work-in-Process Inventory (40% complete for conversion work) COSTS Beginning Work-in-Process Inventory (transferred in costs, $88,000; conversion cost, $15,000) Transferred in from the Assembly Department during the period Conversion costs added during the period $ 103,000 660,000 79,720 Print Done at fields and then click Check Answer. Clear All Read the requirements. esting Department. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar Ab Bound ort-Testing Department ed Alaust 31 i 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? Print Done n/a n/a t fields and then click Check Answer. 1 of 10 comple > Score: 0 of 1 pt P18-36A (similar to) Question Hop transferred out of the Testing Department edEUP vents of production) Selbound uses tre processes to manufacture is for personal watercroforming at pans from galvanized The cost transferred to Finished Goods Inventory is the com of the assembling the l and testing the completed in Sebound es weigd average process contro Click the icon to wiw additional information) Read the Requirement 1. Prepare a production cost report for the Testing Department (Round all cost perunt amounts to the nearest cant and all other amounts to the nearest whole lor. A e n Seabound Production Cost Report-Testing Department Month Ended August 31 Equivalent Units Physical Transferred Direct Conversion Units Units accounted for Total counted for Choose from any list of enter any number in the input fields and then click Check Awer Check Answer 4 Parts