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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
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. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 32,950 4,260 $ 37,210 531,250 308,850 840,100 $ 877,310 Direct Materials Conversion Percent Units Beginning work in process inventory 3,000 Complete 100% Percent Complete 20% Units started this period 42,500 Completed and transferred out 42,000 Ending work in process inventory 3,500 100% 60% Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Direct Materials Conversion Units % Complete EUP % Complete EUP Costs EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Costs EUP Conversion Prepare a production cost report using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Unit reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method Equivalent Units of Production Cost per EUP + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for Direct Materials Conversion Units % Added EUP % Added EUP Direct Materials Conversion EUP Cost per EUP Total cost EUP Cost per EUP Total cost EUP Cost per EUP Total cost
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