Required information [The following information applies to the questions displayed below.] The following partially completed process...
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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 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 Direct Materials Conversion Units transferred out 37,500 EUP 37,500 EUP Units of ending work in process 2,000 EUP 1,200 EUP Equivalent units of production 39,500 EUP 38,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 13,450 440,800 $ $ 454,250 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 Conversion 1,860 238,080 $ 239,940 1,500 38,000 37,500 2,000 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production 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 Total units to account for Total units accounted for Total units accounted for 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 Direct Materials Conversion Units transferred out 37,500 EUP 37,500 EUP Units of ending work in process 2,000 EUP 1,200 EUP Equivalent units of production 39,500 EUP 38,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 13,450 440,800 $ $ 454,250 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 Conversion 1,860 238,080 $ 239,940 1,500 38,000 37,500 2,000 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production 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 Total units to account for Total units accounted for Total units accounted for
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