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 40,500 EUP 2,500 EUP Conversion 40,500 EUP 1,500 EUP 43,000 EUP 42,000 EUP Costs per EUP Costs of beginning work in process: Costs incurred this period Direct Materials $ 20,100 500,200 Conversion $ 2,720 282,880) Total costs $520,300 $285,600 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 41,000 40,500 2,500