Ch 03 Ex 3-12 Saved Help Save & Exit Submit Check my work 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. points eBook Hint Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 35,000 EUP 2,500 EUP 37,500 EUP Conversion 35,000 EUP 1,500 EUP 36,500 EUP Ask Print References Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 18,450 394,050 $ 412,500 Conversion $ 2,280 205,770 $ 208,050 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 2,000 35,500 35,000 2,500 Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production 15 points Total costs to account for eBook Hint Total costs accounted for * Difference due to rounding cost/unit Unit Reconciliation Units to account for Ask Print References 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 % Conversion EUP- Conversion points eBook Equivalent units of production Cost per EUP Hint Materials Conversion Ask Print Costs Costs References EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total ending work in process Total costs accounted for