Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Costs of beginning work in process $ 40.050.00 Costs incurred this period 851.000.00 Total costs to account for $ 691,050.00 Total costs accounted for *Difference due to rounding cost'unit $ 0.00 Unit Reconciliation Units to account for Beginning work in process 4,000 Units started this period 36,500 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 % Materials EUP-Materials % Conversion EUP-Conversion Materials Conversion Cost of beginning work in process Costs Costs incurred this period Total costs = Equivalent units of production Cost per equivalent unit of production Costs EUP EUP EUP Cost per EUP Total cost Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out EUP Cost per FUP Total cost Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for $ $ 0.00 0.00 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 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. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 36,500 EUP 4,000 EUP Conversion 36,500 EUP 2,400 EUP 38,900 EUP 40,500 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 35,850 421,800 $ 457,650 Conversion $ 4,200 229,200 $233,400 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 37,000 36,500 4,000 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) 0.00 Costs Charged to Production Cost of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for * Difference due to rounding cost/unit 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) - FIFO method 4.000 36,500 40,500 Units % Materials EUP-Materials % Conversion EUP-Conversion Units completed and transferred out Units of ending work in process Total 36,500 4.000 40,500 Cost per EUP Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation 0 Costs transferred out EUP Cost per EUP Total cost EUP Total cost Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP 0.00 0.00 0.00 EUP Cost per EUP Total cost 0.00 0.001