Sanyo Corporation manufactures a popular model of business calculators in a suburb of Seoul, South Korea....
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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 Transferred-in costs Costs added in July Direct materials Conversion 6,000 units 110,800 won (100% complete) 38,500 won (100% complete) 56,960 won (80% complete) During the month of July. 15.000 units were transferred in from the assembly department at the cost of 151,700 won, and the testing department added costs of 213,420 won, as follows: Direct materials Conversion 98,120 won 115 300 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 Conversion 90% 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.) Process Cost Report Production Quantity Information Input: Beginning WIP Units started or trans-in Stage of Completion Physical Units Trans-in Direct Materials Conversion Total to account for Output: 0 % % % 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 Transferred-in costs Costs added in July Direct materials Conversion 6,000 units 110,800 won (100% complete) 38,500 won (100% complete) 56,960 won (80% complete) During the month of July. 15.000 units were transferred in from the assembly department at the cost of 151,700 won, and the testing department added costs of 213,420 won, as follows: Direct materials Conversion 98,120 won 115 300 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 Conversion 90% 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.) Process Cost Report Production Quantity Information Input: Beginning WIP Units started or trans-in Stage of Completion Physical Units Trans-in Direct Materials Conversion Total to account for Output: 0 % % %
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