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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
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 32,500 EUP 3,000 EUP Conversion 32,500 EUP 1,800 EUP 35,500 EUP 34,300 EUP Costs per EUP Direct Materials Conversion Costs of beginning work in process Costs incurred this period Total costs $ 22,950 349,800 $372,750 $ 2,600 175,760 $178,360 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. 2,500 33,000 32,500 3,000 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 Costs incurred this period Total costs to account for 0.00 Total costs accounted for *Difference due to rounding cost/unit 0.00 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 Units completed and transferred out Units started and completed Equivalent units of production Units % Materials EUP- Materials % Conversion EUP- Conversion Cost per EUP Costs incurred this period Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Costs EUP Materials Cost per EUP Total cost EUP Total transferred out Cost per Costs of ending work in process EUP Total cost EUP Direct materials $ 0.00 Conversion $ 0.00 Total ending work in process Total costs accounted for Costs Conversion EUP 0 0
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