2. Information about the July inventories follows. Use this information with that from part 1 to prepare a process cost summary, assuming the weighted-average method is used (Round "Cost per EUP" to 2 decimal places.) 5, eee units 14, eee units 8 , units Units Beginning inventory Started Ending inventory Beginning inventory Materials-Percent complete Conversion-Percent complete Ending inventory Materials-Percent complete Conversion-Percent complete 100% 75% 100% 40% Total costs to account for: Cost of beginning work in process Costs incurred this period Total costs to account for: $ 0 $ 0 Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Labor EUP- Conversion Total units Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP 0 0 Cost per EUP Total cost Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Cost of units transferred out: EUP Direct materials Conversion Total costs transferred out Costs of ending goods in process EUP Direct materials Conversion Total cost of ending goods in process Total costs accounted for Cost per EUP Total cost $ 0.00 $ $ 0.00 0 0 3. Using the results from part 2 and the available information, make computations and prepare journal entries to record the following: g. Total costs transferred to finished goods for July h. Sale of finished goods costing $265,700 for $625,000 in cash. View transaction list Journal entry worksheet