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 3,500 35,000 7,000 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete 100% 40% Costs Beginning work in process inventory Direct materials Conversion $ 3,815 11,592 Direct materials added Direct labor added Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 15,407 299,180 259,280 362,992 $936,859 $106,834 Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) mmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 0 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 cost/unit $ 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 transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units Units completed and transferred out Ending work in process Total units Cost per Equivalent Unit of Production Cost of beginning work in process Costs incurred this period Total costs % Materials EUP- Materials % Conversion EUP-Conversion Materials Conversion Costs Costs Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP- Materials % Conversion EUP-Conversion Materials Conversion Units completed and transferred out Ending work in process Total units Cost per Equivalent Unit of Production Cost of beginning work in process Costs incurred this period 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 Costs Costs EUP EUP 0 0 Cost per EUP Total cost Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 Conversion $ 0.00 Total cost of ending work in process Total costs accounted for