Score: 0 of 15 pts 1 of 1 (0 complete) Hw Score: 0%, 0 of 15pt P18-33A (similar to) EQuestion Help BeachBound uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift, and testing the completed ifts. The lifts are transferred to Finished Goods Inventory before shipment to marinas across the country. BeachBound's Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the testing process. Other information follows for the month of August (Click the icon to view the other information.) The cost transferred into Finished Goods Inventory is the cost of the lifts transferred out of the Testing Department. Read the requirements Requirement 1. Prepare a production cost report for the Testing Department. (BeachBound uses weighted-average process costing. Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP equivalent units of production.) Production Cost Report-Testing Department Data Table UNITS Units to account for 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, $93,200 2.100 units 7,300 units 4,300 units 5,100 units Total units to account for Units accounted for conversion cost, $18,300) Transferred in from the Assembly Department during the period Conversion costs added during the period S 111,500 687,000 6,800 Total units accounted for Print Done