Check my work Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete $ 4.720 15264 $ 19,464 Costs 4.000 Beginning work in process inventory 40,000 Direct materials 8.000 Conversion Direct materials added LOOX Direct labor added 25% Overhead pple (140% of direct labor) Total costs to account for Ending work in process Coventory 150 12 5912,440 588.20 Prepare a process cost summary report for this process using the weighted-average method (Round "Cost per EUP" to 2 decimal places.) Total Costs to Account for: Total costs to account for: Total costs accounted for Difference due to rounding costunit Lint Reconciliations Total Costs to Account for: Total costs to account for Total costs accounted for Difference due to rounding cost/unit 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 % Conversion EUP Conversion Conversion Materials Total units Cost per Equivalent Unit of Production Equivalent Units of Production (EUP) Weighted Average Method Units Materials EUP Matitlas Conversion LUP.Common Total units Cost per Equivalent Unit of Production Materials Conversion Costs EUP Costs EUP Total cost Cost per EUP 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 work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP Total cost