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			Costs
Beginning work in process inventory	500		Beginning work in process inventory
Started	5,000		Direct materials	$	865
Ending work in process inventory	1,000		Conversion		1,656
							$	2,521
Status of ending work in process inventory			Direct materials added					40,000
MaterialsPercent complete	100	%	Direct labor added					32,430
ConversionPercent complete	30	%	Overhead applied (140% of direct labor)					45,402
			Total costs to account for				$	120,353
			Ending work in process inventory				$	12,398

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 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 Total units Cost per Equivalent Unit of Production Materials Conversion Costs EUP Costs EUP Cost per EUP Total cost 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