Question #9

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 a production cost report using the FIFO method. Note: Round "Cost per EUP" to 2 decimal places. Prepare a production cost report using the FIFO method. Note: Round "Cost per EUP" to 2 decimal places. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Equivalent units of production (EUP) - FIFO method } \\ \hline & \multirow[b]{2}{*}{ Units } & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Conversion } \\ \hline & & % Added & EUP & % Added & EUP \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline \multicolumn{6}{|c|}{ Equivalent Units of Production } \\ \hline Cost per EUP & & & Direct Materials & & Conversion \\ \hline 2 & & & & & \\ \hline \multicolumn{6}{|c|}{ + Equivalent units of production } \\ \hline \multicolumn{6}{|c|}{ Cost per EUP (rounded to 2 decimals) } \\ \hline \multicolumn{6}{|c|}{ Cost assignment } \\ \hline & EUP & Cost per EUP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Beginning work in process } \\ \hline \multicolumn{6}{|c|}{ To complete beginning work in precess } \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline Started and completed & EUP & Cost per EuP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline & & & & & \\ \hline \multicolumn{6}{|c|}{ 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 & & & & & \\ \hline Total costs accounted for & & & & & \\ \hline \end{tabular}