Sea Worthy uses three processes to manufacture lifts for personal watercraft: forming a lift's parts from galvanized steel, assembling the lift, and testing the The cost transferred into Finished Goods Inventory is the cost of the lifts transferred out of the Testing Department. Sea Worthy uses the completed lift. weighted-average method. i (Click the icon to view additional information.) Read the requirements Requirement 1. Prepare a production cost report for the Testing Department. (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.) Sea Worthy Production Cost Report-Testing Department X More info Month Ended October 31 Equivalent Units The lifts are transferred to Finished Goods Inventory before shipment to marinas across the Physical Transferred Direct Conversion country. Sea Worthy's Testing Department requires no direct materials. Conversion costs are UNITS Units In Materials Costs incurred evenly throughout the testing process. Other information follows for the month of October: Units to account for: UNITS Beginning Work-in-Process Inventory 2,300 units Transferred in from Assembling Department during the period 6,800 units Total units to account for Completed during the period 4,100 units Ending Work-in-Process Inventory (40% complete for conversion 5,000 units Units accounted for: work) n/a COSTS n/a Beginning Work-in-Process Inventory (transferred in costs, $93,400; $ 111,500 conversion cost, $18,100) Total units accounted for n/a Transferred in from the Assembly Department during the period 671,000 Conversion costs added during the period 49,000 - X Requirements Print Done 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