Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) 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 Costs Charged to Production Total cost account for Tal coccodos Diference due to rounding costunit Equivalent Units of Production Unita transferred out Units of ending work in process Equivalent units of production Direct Materials 41.000 EUP 3,000 EUP 44,000 EUP Conversion 41,000 EUP 1,800 EUP 42,800 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials Conversion $ 26,350 $ 3,450 510,450 291,870 $ 536,800 $ 295,320 Equivalent units of production (EUP) - Promethod Units Materials EUP. Materials Conversion EUP. Conversion 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 2,500 41,500 41,000 3,000 Materials com Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Equivalent units of production EUP Cost EUP rounded to 2 decimal EUP Cost per EUP Total cost Cost to complete beginning work in process Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direetmar EUP Cost per EUP Total cost Total costs started and completed this period Total cost of work finished this period Costs of ending work in process $ 0.00 EUP Cost per EUP Total cost Conversion Total cost olan work in process Materials EUP. Materials Total accounted for Conversion EUP- Conversion Costs Charged to Production Costs of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for "Difference due to rounding costunit $ Unit Reconciliation Units to account for Beginning work in process units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units units completed and transferred out Units of ending work in process Equivalent units of production Cost per EUP Cost of beginning work in process Coste incurred this period Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transtoned out EUP Direct materials Conversion Total transferred out Costs of ending work in process EUP Direct materials Conversion Total ending work in process Total costs accounted for Materials Conversion Costs Costs EUP Cost per Total cost Cost per Total cost $ 0.00 0.00
