Eliott Company produces large quantities of a standardized product. The following information is available for the first process In its production activities for March. 1,000 10,000 2,000 Costs Beginning work in process inventory Direct materials Conversion $ 2.000 3,240 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 Direct materials added 1005 Direct labor added 408 Overhead applied (1408 of direct labor) Total costs to account for Ending work in process inventory Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Eliott Company produces large quantities of a standardized product. The following information is available for the first process In its production activities for March. 1,000 10,000 2,000 Costs Beginning work in process inventory Direct materials Conversion $ 2.000 3,240 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 Direct materials added 1005 Direct labor added 408 Overhead applied (1408 of direct labor) Total costs to account for Ending work in process inventory Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)