Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 35,000 EUP 2,500 EUP 37,500 EUP Conversion 35,000 EUP 1,500 EUP 36,500 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 18,450 394,050 $ 412,500 Conversion $ 2,280 205, 770 $208,050 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 2,000 35,500 35,000 2,500 Costs Charged to Production Costs of beginning work in process $ 20,730.00 Costs incurred this period 599,820.00 Total costs to account for $ 620,550.00 Total costs accounted for * Difference due to rounding cost/unit $ 0.00 Unit Reconciliation Units to account for Beginning work in process 2,000 Units started this period 35,000 Total units to account for 37,000 Total units accounted for Completed and transferred out 35,000 Ending work in process 2,500 Total units accounted for 37,500 Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion EUP- Conversion Equivalent units of production Cost per EUP Costs incurred this period Materials Conversion Total costs Costs EUP Costs EUP + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 0 Costs transferred out Cost per EUP Total cost EUP Direct materials Conversion Total transferred out Cost per Costs of ending work in process EUP Total cost EUP $ 0.00 $ 0.00 Direct materials Conversion Total ending work in process Total costs accounted for