Question
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
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 | 6,000 | units | ||||||||
Transferred-in costs | 81,650 | won (100% complete) | ||||||||
Costs added in July | ||||||||||
Direct materials | 30,195 | won (100% complete) | ||||||||
Conversion | 38,480 | won (80% complete) | ||||||||
During the month of July, 15,000 units were transferred in from the assembly department at the cost of 146,200 won, and the testing department added costs of 207,040 won, as follows:
Direct materials | 95,040 | won | ||||||||
Conversion | 112,000 | 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 | 90 | % | ||||||||
Conversion | 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.)
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