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Required Information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at
Required Information [The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials $ 43,950 Conversion 5,360 $ 49, 310 Costs added this period Direct materials 490,950 Conversion 770,780 Total costs to account for $ 820,090 280,730 Direct Materials Percent Complete 100% Conversion Percent Complete 20% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 4,000 40, 500 40, see 4,500 100% 60% Prepare the Molding department's production cost report using the weighted average method. (Round "Cost per EUP" to 2 decima places.) Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Direct Materials Conversion Units % Complete EUP % Complete EUP Equivalent units of production Cost per EUP Direct Materials Conversion Costs Costs EUP EUP Total costs = Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials EUP Cost per EUP Total cost Conversion Total completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total ending work in process Total costs accounted for Prepare a production cost report using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Unit reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method Direct Materials Conversion Units % Added EUP % Added EUP Equivalent Units of Production Cost per EUP Direct Materials Conversion Total costs Costs Costs EUP EUP - Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment EUP Cost per EUP Total cost Beginning work in process To complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Started and completed EUP Cost per EUP Total cost Direct materials Conversion Total costs started and completed this period Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted for
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