nyullCU TVITTIGLIVII 4 Use the following information for the Exercises below. [The following information applies to the questions displayed below.) 1 points The following partially completed process cost summary describes the July production activities of the Molding department at Ashad 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. eBook Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 44,000 EUP 4,000 EUP 48,000 EUP Conversion 44,000 EUP 2,400 EUP 46,400 EUP Hint Print Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 40, 350 574,050 $ 614,400 Conversion $ 5,250 342, 750 $ 348,000 References Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 3,500 44,500 44,000 4,000 Exercise 20-12 Weighted average: Completing a process cost summary LO C3 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 Total costs accounted for * Difference due to rounding cost/unit 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 Units % Materials EUP- Materials % Conversion EUP- Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs EUP EUP - 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 Cost per Costs of ending work in process EUP Total cost EUP Direct materials Conversion Total ending work in process Total costs accounted for