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	$	6,320
Ending work in process inventory	8,000		Conversion		13,728
							$	20,048
Status of ending work in process inventory			Direct materials added					313,120
MaterialsPercent complete	100	%	Direct labor added					240,040
ConversionPercent complete	30	%	Overhead applied (140% of direct labor)					336,056
			Total costs to account for				$	909,264
			Ending work in process inventory				$	94,944

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:
Costs of beginning work in process
Costs incurred this period
Total costs to account for:	$0
Total costs accounted for
Difference due to rounding cost/unit	$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	% Materials	EUP- Materials	% Conversion	EUP-Conversion
Units completed and transferred out
Ending work in process
Total units
Cost per Equivalent Unit of Production			Materials		Conversion
Cost of beginning work in process
Costs incurred this period
Total costs		Costs		Costs
Equivalent units of production		EUP		EUP
Cost per equivalent unit of production (rounded to 2 decimals)			0		0
Total Costs Accounted for:
Cost of units transferred out:	EUP	Cost per EUP	Total cost
Direct materials
Conversion
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