Exercise 16-13A FIFO: Completing a process cost summary LO C3 C4 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) $ 14,530.00 583,240.00 $ 597,770.00 $ 0.00 Costs Charged to Production Cost of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent units of production (EUP) - FIFO method 1,500 35,000 36,500 34,500 2,000 36,500 equivalent units of production (UPFIFO method Units % Materials EUP Materials % Conversion EUP. Conversion 0% 0 1,500 33,000 2,000 36,500 100% 100% 33,000 2,000 35,000 Materials Conversion Costs Costs EUP EUP 0 0 EUP Cost per EUP Total cost 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 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 $ 0.00 $ 0.00 $ 0.00 EUP Total cost Cost per EUP $ 0.00 $ 0.00