FIFO Method (not weighted average) thank you!

Exercise 20-16A FIFO: Completing a process cost summary LO C3 C4 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 goods in process inventory is 20% complete with respect to direct labor and overhead. Direct Factory Materials Labor Overhead 32,000 32,000 32,000 1,500 Equivalent units of production Weighted average method Units transferred out Units of ending goods in process Direct 1,500 2,500 Equivalent units of production 34,500 33,500 33,500 Direct Factory Direct Materials Labor Overhead 18,550 760 $ 1,520 Costs Costs of beginning goods in process 357,500 62,890 125,780 Costs incurred this period $376,050 63,650 127,300 Total costs Units in beginning goods in process (all completed during July) Units started this period Units completed and transferred 2,000 32,500 32,000 out Units in ending goods in process 2,500 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Returh to Costs Charged to Production s 20,830.00 Costs of beginning goods in process 546,170.00 Costs incurred this period $ 567,000.00 Total costs to account for 567,000.00 Total costs accounted for $ 0.00 Difference due to rounding costlunit Unit cost information Units to account for 2,000 Beginning goods in process Units started this period 32,500 34,500 Total units to account for Total units accounted for 32,000 Completed and transferred out Ending goods in process 2,500 34,500 Total units accounted for Equivalent units of production (EUP)- FIFO method EUP Materials EUP- Overhead % Materials % Labor EUP- Labor Units Overhead 1,600 30,000 2,000 0% 80 %O 80 % 1,600 Units to complete beginning goods in process 100 % 100 % 100 %O 30,000 30,000 Units completed and transferred out 30,000 2,500 60% 100 % 60 % 1,500 1,500 Units of ending goods in process 2,500 Equivalent units of production 33,100 34,500 32,500 33,100 Return to que Labor Overhead Materials Cost per EUP 357,500 62,890 125,780 Costs incurred this period Total costs $ 357.500 Costs 125.780 33,100 62.890 Costs Costs 32,500 33,100 EUP EUP EUP Equivalent units of production $ Cost per EUP (rounded to 2 decimals) 11.00 1.90 3.80 Cost assignment and reconciliation Cost per EUP Costs transferred out EUP Total cost Cost of beginning goods in process $ 20,830.00 Cost to complete beginning goods in process Direct materials 11.00 S 0 0.00 Direct labor 1,600s 3,040.00 1.90 Factory overhead 3.80 1,600 6,080.00 Total cost to complete beginning goods in process S 9,120.00 Cost per EUP Costs of units started and completed this period EUP Total cost Direct materials 30,000 $330,000.00 11.00 Direct labor 30,000 S 1.90 57,000.00 30,000 Factory overhead 3.80 114,000.00 Total costs started and completed this period $501,000.00 Total cost of goods finished this period $530,950.00 Cost per EUP Costs of ending goods in process EUP Total cost