Equivalent Units of Production Direct Materials Conversion

Units transferred out $44,000$ EUP $44,000$ EUP

Units of ending work in process $4,000$ EUP $2,400$ EUP

Equivalent units of production $48,000$ EUP $46,400$ EUP

Costs per EUP Direct Materials Conversion

Costs of beginning work in process $ $40,350$ $ $5,250$

Costs incurred this period $574,050342,750$

Total costs $ $614,400$ $ $348,000$

Units in beginning work in process $($all completed during July$)3,500$

Units started this period $44,500$

Units completed and transferred out $44,000$

Units in ending work in process $4,000$

Prepare its process cost summary using the weighted$-$average method. $($Round "Cost per EUP" to $2$ decimal places.$)$