Required information [The following information applies to the questions displayed below.] The following partially 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 with respect to conversion. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 40,500 EUP 2,500 EUP 43,000 EUP Conversion 40,500 EUP 1,500 EUP 42,000 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 20,100 500,200 $ 520,300 Conversion $ 2,720 282,880 $ 285,600 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 2,000 41,000 40,500 2,500 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 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)- Weighted Average Method EUP- Conversion Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP- Materials % Conversion Units completed and transferred out Units of ending work in process Equivalent units of production Cost per EUP Materials Conversion Costs EUP Costs EUP Cost per EUP EUP Total cost Total costs = Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Cost per EUP EUP Total cost