Problem 6-45 (Algo) Weighted-Average Method; Transferred-in Costs [LO 6-2, 6-4, 6-6] [The following information applies to the questions displayed below.] 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 Direct materials Conversion 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 Conversion 95,040 won 112,000 won Part 1 (Algo) 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: 6,000 units 81,650 won (100% complete) 90% 60% 30,195 won (100% complete) 38,480 won (80% complete) Process Cost Report Production Quantity Information 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.)
Problem 6-45 (Algo) Weighted-Average Method; Transferred-in Costs [LO 6-2, 6-4, 6-6] [The following information applies to the questions displayed below.] 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 Direct materials Conversion 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 Conversion 95,040 won 112,000 won Part 1 (Algo) 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: 6,000 units 81,650 won (100% complete) 90% 60% 30,195 won (100% complete) 38,480 won (80% complete) Process Cost Report Production Quantity Information 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Problem 6-45 (Algo) Weighted-Average Method; Transferred-in Costs [LO 6-2, 6-4, 6-6]
[The following information applies to the questions displayed below.]
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
Direct materials
Conversion
During the month of July, 15,000 units were transferred 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
Conversion
95,040 won
112,000 won
Part 1 (Algo)
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:
6,000 units
81,650 won (100% complete)
90%
60%
30,195 won (100% complete)
38,480 won (80% complete)
Process Cost Report
Production Quantity Information
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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb476d682-0c1b-4d81-b957-84480e4ac6fd%2F7e8d6492-6be2-45a2-bc83-4a27e9dcefda%2Ft6r02w_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 6-45 (Algo) Weighted-Average Method; Transferred-in Costs [LO 6-2, 6-4, 6-6]
[The following information applies to the questions displayed below.]
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
Direct materials
Conversion
During the month of July, 15,000 units were transferred 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
Conversion
95,040 won
112,000 won
Part 1 (Algo)
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:
6,000 units
81,650 won (100% complete)
90%
60%
30,195 won (100% complete)
38,480 won (80% complete)
Process Cost Report
Production Quantity Information
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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