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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 $ 40,350 Conversion 5,250 $ 45,600 costs added this period Direct materials 574,850 Conversion 342,750 916,800 Total costs to account for $ 962,400 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 3,500 44,500 44,080 4,800 100% 60% Prepare the Molding department's production cost report using the weighted average 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) Direct Materials % Complete EUP Conversion % Complete EUP Units Equivalent units of production Cost per EUP Direct Materials Conversion Costs EUP Costs EUP 0 0 EUP Cost per EUP Total cost Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Total cost Cost per EUP S 0.00 S 0.00 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 Materiale % Added EUP Conversion % Added EUP Units Equivalent Units al Production Cost per EUP Direct Materiale Conversion Total costs Costs Costs EUP EUP + Equivalent units of production Cast per EUP (rounded to 2 decimals) CostaBaignment 0 EUP Cost per EUP Total cost EUP Cost per EUP Total cost S 0.00 Beginning work in process To complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Started and completed Direct materials Conversion Total costs started and completed this period Completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for S 0.00 5 0.00 EUP Totalcoat Cost per EUP S 0.00 S 0.00
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