Question #8

Required information [The following information applies to the questions displayed below] The following data reports on the July production activities of the Molding department at Ash Company Prepare the Molding department's production cost report using the weighted average method: Note: Round "Cost per EUP" to 2 decimal places. Equivalent Units of Production (EUP) \begin{tabular}{|c|c|c|c|c|c|} \hline & \multirow[b]{2}{*}{ Units } & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Conversion } \\ \hline & & * Complote & EUP & % Complete & EUP \\ \hline 7 & & & & & \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Equivalent units of production } \\ \hline Cost per EUP & & & Direct Materials & & Conversion \\ \hline \multicolumn{6}{|l|}{ " } \\ \hline \multicolumn{6}{|l|}{7} \\ \hline Total costs & & Costs & & Costs & \\ \hline + Equivalent units of production & & EUP & & EUP & \\ \hline \multicolumn{6}{|l|}{ Cost per equivalent unit of production } \\ \hline \multicolumn{6}{|l|}{ Cost Assignment } \\ \hline Completed and transferred out & EUP & Cost per EUP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline \multicolumn{6}{|c|}{ Total completed and transferred out } \\ \hline Ending work in process & EUP & Cost per EUP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline \multicolumn{6}{|l|}{ Total ending work in process } \\ \hline Total costs accounted for & & & & & \\ \hline \end{tabular}