Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March.

Units			Costs
Beginning work in process inventory	4,000		Beginning work in process inventory
Started	40,000		Direct materials	$	4,720
Ending work in process inventory	8,000		Conversion		15,264
							$	19,984
Status of ending work in process inventory			Direct materials added					298,440
MaterialsPercent complete	100	%	Direct labor added					255,840
ConversionPercent complete	25	%	Overhead applied (140% of direct labor)					358,176
			Total costs to account for				$	932,440
			Ending work in process inventory				$	88,240

Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use 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 EUP Conversion Units % Materials EUP-Materials % Conversion Total units Cost per Equivalent Unit of Production Materials Conversion Total costs Costs 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 EUP EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in proces EUP Cost per EUP Total cost Direct materials 0.00 Conversion 0.00 Total cost of ending work in process Total costs accounted for