Weighted-Average Method; Transferred-in Costs 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 57,800 won (100 percent complete) Transferred-in costs Costs added by the department Direct materials 23,400 won (100 percent complete) 23,360 won (80 percent complete) Conversion During the month of July, 15,000 units were transferred in from the assembly department at the cost of 141,700 won, and the testing department added costs of 201,820 won. Direct materials 92,520 won 109,300 won Conversion 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 percent Conversion 60 percent Required 2. Prepare the production cost report for the testing department for July, using the first-in-first-out method