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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

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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 Units transferred out Units of ending work in process Equivalent units of production Direct Materials 35,50 EUP 3,000 EUP 38,500 EUP Conversion 35,500 EUP 1.300 EUP 37,300 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 24, 150 483.200 $422.350 Conversion 52,900 211440 $ 216,340 Units in beginning work in process (all completed during July Units started this period Unit completed and transferred out Units in ending work in process 2,500 36,000 35,500 3,000 Prepare its process cost summary using the weighted average method (Round "Cost per EUP" to 2 decimal places.) Cost Changed to Production Contol goods manufactured un material purchases Total cost to account for Total accounted for De to rounding costunit 5 000 $ 0.00 Required information Difference due to rounding costunit $ 0.00 Unit Reconciliation Units to account for Completed and transferred out Completed and transferred out Total units to account for Total units accounted for Ending work in process 3.000 Units started this period 36.000 Total units accounted for 39,000 Equivalent Units of Production (EUP) Weighted Average Mothod Units % Materials EUP. Materials % Conversion EUP Conversion Equivalent units of production cost per CUP Materials Conversion Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Total costs -Equivalent units of production Cost per equivalent unit of production Cont Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Couts of ending work in process Direct materials Conversion Total ending work in process EUP Cost per Total cost EUP 5 0.00 $ 0.00

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