Exercise 16-16 Weighted average: Process cost summary LO C3 Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March Costs 3,000 Beginning work in process inventory 30,000 Direct materials 6,000 Conversion Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 35% Overhead applied (140% of direct lobor) Totol costs to account for Ending work in process inventory $ 3,270 8,926 5. 12,198 229,330 188, 340 263,676 5693,590 5.75,564 Prepare a process cost summary report for this process using the weighted average method (Round "Cost per EUP" to 2 decimal places.)