03 EX3.12 1 Required information The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Equivalent units of production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 40,000 EUP 4.500 EUP 44,500 EUP Conversion 40.000 EUP 2,700 EUP 42,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 43,950 490,850 $ 534,000 Conversion $ 5,360 289,730 $ 286,990 Units in beginning work in process (all completed during July Units started this period Units completed and transferred out Units in ending work in process 4,000 40,500 40,000 4,500 Prepare its process cost summary using the weighted average method (Round "Cost per EUP" to 2 decimal places.) Prepare es process cost summaying the weighted average method (Round "Cost per EUP' to 2 decimal places.) 14.500 Costs Changed to Production Costs of beginning workingroot Con incurred this period Total costs to account for Total costs accounted for "Once to rounding con Un Reconciliation Units to account for 1000 $ 000 were Total unit o cantor Tots account for Total accounted for Equivad of Production CUP Weighted Averag: Method Units Monial EUP Materiais Cow EUP.Caewr 4 Ets of production Cort per EUP Mata Conversion Costs EUP Cont EUP Totalt Event of production potuto Production Reconcilio icon AR Director On Totalled out Colloidnews EUP Cost per EUR Total cost EUP Coat pur Total EUR 0.00 0.00 Sao Totaldo Total secondo