EUP EUP 34,500 0.54 $ EUP Cost per EUP Total cost $ 0.54 $ 0.00 + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Total cost Cost per EUP $ 0.54 $ 0.00 GA 0.00 EUP Total cost Cost per EUP $ 0.54 $ 0.00 Equivalent units of production (EUP) - FIFO method Units % Materials EUP- Materials % Conversion EUP-Conversion 2,000 2,500 4,500 Materials Conversion Costs $ Costs 18,550 18,550 34,500 0.54 EUP EUP 0 Units of beginning work in process Units started and completed Units of ending work in process Total Cost per EUP Costs incurred this period Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period EUP Cost per EUP Total cost 0.54 $ 0.00 EUP Total cost Cost per EUP $ 0.54 $ 0.00 The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 32,000 EUP 32,000 EUP 2,500 EUP1,500 EUP 34,500 EUP 33,500 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 18,550 357,500 $ 376,050 Conversion $ 2,280 188,670 $ 190,950 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 32,500 32,000 2,500 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Costs of beginning work in process $ 20,830.00