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Prepare its process cost summary using the FIFO method. (Round Cost per EUP to 2 decimal places.) The following partally completed process cost summary describes

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Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) image text in transcribed

The following partally 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 Equivalent Units of Production Direct Materials Conversion -with respect to converso 43,000EUP43,0 EUP 3,000 EUP1.800 EUP Units transferred out Units of ending work in p Equivalent units of producti6EUP 480CEUP Costs per EUP Costs of beginning work in process Costs incurred this period Direct M 27,1 3,6 $327, 579,600 Total costs Units in beginning work in process (all completed during July) 2,500 Units started this period Units completed and transferred out 3,500 ,000 Units in ending work in process 3,000 pare its process cost summary using the weight Total costs to account for Total costs accounted for Difference due to rounding cost/unit Units to account for Total units to account for Total units accounted for Total units accounted for Average EUP Units Equivalent units of production Total costs Costs Costs Equivalent units of production EUP EUP Cost per EUP Costs transferred out EUP Total cost Direct materials Total transferred out Cost per EUP EUP Costs of ending work in process Total cost Direct materials Total ending work in process Total costs accounted for Costs Charged to Production Total costs to account for Total costs accounted for Difference due to rounding costlunit Unit reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for

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