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 2,000 Beginning work in process inventory 20,000 Direct materials Conversion Direct materials added 100% Direct labor added 20% Overhead applied (1906 of direct lobor) Total costs to account for Ending work in process inventory $ 3.860 7,248 $11,100 141,120 136,100 1.00, S40 $478,865 Prepare a process cost summary report for this process using the weighted average method (Round "Cost per EUP" to 2 decimal places.) Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 places.) S Total Costs to Account for: Costs of beginning work in process S 11,108 Costs incurred this period Total costs to account for $ 11.108 Total costs accounted for Difference due to founding costunit 0 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 % Materials EUP-Materials % Conversion EUP Conversion Materials Conversion % Materials EUP-Materials % Conversion EUP-Conversion Materials Conversion 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 - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimal) Total Costs Accounted for Cost of units transferred out EUP Direct matonats 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 Costs EUP Costs EUP 0 0 Cost per EUP Total cost Total cost Cost per EUP $ 0.001 $ 0.00