Ch 03 Ex 3-12 A Saved 1 15 points Required information Use the following information for the Exercises below. (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. eBook Hint Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 37,500 EUP 37,500 EUP 2,000 EUP 1,200 EUP 39,500 EUP 38,700 EUP Ask Print Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 13,450 440,800 $454,250 Conversion $ 1,860 238,080 $239,940 References 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 1,500 38,000 37,500 2,000 Exercise 03-12 Weighted average: Completing a process cost summary LO C3 Costs Charged to Production Costs of beginning work in process $ 39,050.00 Costs incurred this period 651,000.00 Total costs to account for $ 690,050.00 Total costs accounted for *Difference due to rounding cost/unit $ 0.00 Unit Reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP-Materials % Conversion EUP- Conversion Materials Conversion Units mpleted nsferred Units of ending work in process Equivalent units of production Cost per EUP Cost of beginning work in process Costs incurred this period Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Costs Costs EUP EUP 0 EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Total cost Cost per EUP $ 0.00 Direct materials $ 0.00 Conversion Total ending work in process Total costs accounted for