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edu%252Fwebapps86252Fportal%252Fframeset Saved Required information (The following information applies to the questions displayed below. The following partially completed process cost summary describes the July production activities
edu%252Fwebapps86252Fportal%252Fframeset Saved 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 Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 34,500 EUP 2,000 EUP 36,500 EUP Conversion 34,500 EUP 1,200 EUP 35,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 12,850 385,000 $ 397,850 Conversion $ 1,680 198,240 $ 199,920 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 35,000 34,500 2,000 repare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production
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