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 3,500 Beginning work in process inventory 35,000 Direct materials 7.000 Conversion Direct materials added 1004 Direct labor added 20% Overhead applied (1408 of direct labor) Total costs to account for Ending work in process inventory $ 3,605 15,176 $ 19,481 250.000 240.135 336.189 $846,685 $ 71, 470 Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) 19,481 827.204 846,685 $ $ 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 3,500 35,000 38,500 7.000 Next