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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
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 $ 22,950 2,600 $ 25,550 349,800 175,760 525,560 $ 551,110 Direct Materials Conversion Units Beginning work in process inventory 2,500 Percent Complete 100% Percent Complete 20% Units started this period 33,000 Completed and transferred out 32,500 Ending work in process inventory 3,000 100% 60% Prepare a production cost report using the FIFO method. Note: 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 Direct Materials Conversion Units % Added EUP % Added EUP Direct Materials Conversion 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 EUP Cost per EUP Total cost EUP Cost per EUP Total cost EUP Cost per EUP Total cost
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