Exercise 3-12 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. Equivalent Units of Production Units transferred out Direct Materials Conversion 43,000 43,000 Units of ending work in process 4,700 2,820 Equivalent units of production 47,700 45,820 Costs per EUP Direct Materials Costs of beginning work in process Costs incurred this period $ 28.450 667 970 $ Conversion 3,270 271,650 Total costs $ 696.420 $ 274,920 Units in beginning work in process (all completed during July) 4,200 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.) Costs Charged to Production Total costs to account for $ 0.00 Total costs accounted for *Difference due to rounding cost/unit $ 0.00 Unit Reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Equivalent units of production Cost per EUP Total costs Units % Materials EUP Materials % Conversion EUP Conversion Costs EUP Materials -Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 Conversion 0.00 Total ending work in process Total costs accounted for Conversion Costs EUP 0 D