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Units to account for options: Beginning work-in process, Completed and transferred out, Ending work-in process, and Transferred in

AquaMate uses three processes to manufacture lifts for personal watercraft: forming a lifts parts from galvanized steel, assUnits to account for: Total units to account for Units accounted for: n/a n/a n/a Total units accounted for Choose from any lcountry. AquaMates Testing Department requires no direct materials. Conversion costs are incurred evenly throughout the test1. Prepare a production cost report for the Testing Department. 2. What is the cost per unit for lifts completed and transfer

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Answer #1
Equivalent Units
Physical Units Transferred In Direct Materials Conversion Costs
UNITS
Units to account for :
Beginning Work in Process 1700
Units Started in Production 7300
Total Units to account for 9000
Units Accounted for :
   Completed and transferred Out 3700 2000 1700 1700
    Ending Work in Process 5300 5300 5300 2120
Total Units Accounted for 9000 7300 7000 3820


Ending Work in Process for conversion 5300x 40% = 2120

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