10 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. Part 2 of 2 Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 43,500 EUP 3,500 EUP 47,000 EUP Conversion 43,500 EUP 2,100 EUP 45, 600 EUP 3 points eBook Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 33, 700 563,200 $ 596,900 Conversion $ 4,440 333,000 $ 337, 440 001 Hint Print 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 3,000 44,000 43,500 3,500 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Part 2 of 2 Total costs to account for 3 points Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for eBook det Hint Total units to account for Total units accounted for print Total units accounted for Equivalent units of production (EUP) - FIFO method Units % Materials EUP- Materials % Conversion EUP-Conversion Total Cost per EUP Materials Conversion Part 2 of 2 Costs Costs EUP EUP 3 points EUP Cost per EUP Total cost eBook Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period 00 Hint EUP Cost per EUP Total cost Print EUP Cost per EUP Total cost Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for