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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 ProductionDirect MaterialsConversionUnits transferred out38,500EUP38,500EUPUnits of ending work in process3,000EUP1,800EUPEquivalent units of production41,500EUP40,300EUP

Costs per EUPDirect MaterialsConversionCosts of beginning work in process$25,350$3,200Costs incurred this period460,200254,720Total costs$485,550$257,920

Units in beginning work in process (all completed during July)2,500Units started this period39,000Units completed and transferred out38,500Units in ending work in process3,000