Exercise 20-12 Weighted average: Completing a process cost summary LO C3 The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion. Ending work in process inventory is 60% complete with respect to conversion. Direct Equivalent Units of Production Materials Conversion 43,000 43,000 Units transferred out 4,700 Units of ending work in process 2,820 Equivalent units of production 47,700 45,820 Direct Materials Conversion Costs per EUP 28,450 3,270 Costs of beginning work in process Costs incurred this period 667,970 271,650 Total costs 696,420 274,920 Units in beginning work in process 4,200 (all completed during July) Units started this period 43,500 Units completed and transferred out 43,000 Units in ending work in process 4,700 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)