Ch 03 Ex 3-12 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 Ashad Company. Its production output is sent to is warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Direct Equivalent Units of Production Units trensferred out Units of ending work in process Equivalent units of production 33,500 EUP 4,890 EUP 37,580 EUP 33,500 EUP 2,480 EUP 35,980 EUP Direct Costs per EUP Costs of beginning work in pracess Costs incurred this period Total costs 5 34,8503,788 19a,888 5 401,250 193,868 67,283 Units in beginning work in process (all completed during July) Units started this perfod Units completed and transferred out Units in ending ork in process 3,588 34,808 33,508 4,888 Exercise 3-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted-overage method. (Round "Cost per EUP to 2 decimal places.) osts to of beginning work in process ts incurred this period Total costs to account for Total costs accounted tor Diffierence due to rounding costunit 0.00 0.00 Unts to account for work in process Units started this period Total units to account for Total units accounted for and transferred out work in process Total units accounted for Equivalent Units of Production (EUP- Weighted Average Method Units | Eup. % Materials EUP Materials | % Conversion completed and transferred out of ending work in process Equivalent units of production per EUP of beginning work in process incurred this period Total costs Costs Costs Equivalent units of production Cost per equivalent unit of production EUP EUP and Cost perTotal cost Coets transferred out EUP EUP Direct materials Total transterred out Cost perTotal cost Coets of ending work in process EUP EUP Dired materials 0.00 S 0.00 Total ending work in process Total costs accounted for