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managerial accounting Required information [The following information applies to the questions displayed below) The following partially completed process cost summary describes the July production activities
managerial accounting Required information [The following information applies to the questions displayed below) The following partially completed process cost summary describes the July production activities of the Molding department at Ashed Company. Its production output is sent to the next department. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion Equivalent Onits of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 32,000 EUR 32,000 RON 2.500 EUR 1.500 RUP 34,500 EUP 33,500 EUP Conte per EUR Coats of beginning work in process costs incurred this period Total costs Direct Materiala Conversion 5 18,550 $ 2,200 357.500 188,670 $376,050 $190,950 Units in beginning work in process all completed during July) Units started this period Units completed and transferred out Unit in ending work in process 2.000 32,500 32,000 2.500 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Couts Charged to Production
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