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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 Ashad
Required information [The following information applies to the questions displayed below.) The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. 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 con Conversion 41,000 EUP 41,000 EUP 3,000 EUP 1,800 EUP 44,000 EUP 42,800 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials Conversion $ 26,350 $ 3, 450 510, 450 291,870 $536,800 $295, 320 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 2,500 41,500 41,000 3,000 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) $ 0.00 $ 0.00 Costs Charged to Production Costs of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for * Difference due to rounding cost/unit Unit Reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP- Materials % Conversion EUP- Conversion Materials Conversion (Units completed and transferred out Units of ending work in process Equivalent units of production Cost per EUP Cost of beginning work in process Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs Costs EUP EUP 0 0 Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Total cost Direct materials Cost per EUP 0.00 $ 0.00 Conversion Total ending work in prococe Total ending work in process Total costs accounted for
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