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. Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 32,000 EUP 2,500 EUP 34,500 EUP 32,000 EUP 1,500 EUP 33,500 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 18,550 357,500 $376,050 Conversion $ 2,280 188,670 $ 190,950 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 32,500 32,000 2,500 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Cost of beginning work in process Units of beginning work in process $ 60,000.00 Total costs to account for $ 60,000.00 $ 0.00 Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method % EUP- % Units EUP- Materials Materials Conversion Conversion Equivalent units of production Cost per EUP Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out 0 Cost per Total cost EUP EUP Cost per Total cost EUP Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materials Conversion Total cost of ending work in process EUP $ 0.00 $ 0.00 $ 0.00 EUP Cost per Total cost EUP $ 0.00 $ 0.00