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 Costs 500 Beginning work in process inventory 5,000 Direct materials 1,000 Conversion 5 855 1,656 Direct materials added 1004 Direct labor added 304 Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 2,521 40,000 32.430 45, 492 $120.353 $ 12,398 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) ces $ 2,521 $ $ 2,521 $ 0 Total Costs to Account for: Costs of beginning work in process Costs incurred this period Total costs to account for: Total costs accounted for Difference due to rounding costunt Unit Reconciliation Units to account for: Beginning work in process inventory Units started this period Total units to account for Total units accounted for: Units completed and transforred out Ending work in process 500 so F IN & 3 5 6 7 8 9 0