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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. Direct Materials Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production 34,500 EUP 34,500 EUP 2,000 EUP 1,200 EUP 36,500 EUP 35, 700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials Conversion $ 12,850 $ 1,680 385,000 198,240 $397,850 $ 199,920 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 1,500 35,000 34,500 2,000 Required information Costs Charged to Production Total costs to account for Total costs accounted for "Difference due to rounding cost/unit Unit Reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion EUP. Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs - Equivalent units of production Cost per equivalent unit of production Costs EUP Costs EUP Required information TUDIUE Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion EUP. Conversion Equivalent units of production Cost per EUP Materials Conversion Costs Costs EUP EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process EUP Cost per EUP Total cost EUP Cost per EUP Total cost Direct materials Conversion Total ending work in process Total costs accounted for Costs Charged to Production Total costs to account for Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method Units % Materials EUP-Materials % Conversion EUP. Conversion Cost per EUP Materials Conversion Total costs Costs EUP Equivalent units of production EUP Required information Total Cost per EUP Materials Conversion Costs EUP EUP Cost per EUP Total cost Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP Total cost EUP Cost per EUP Total cost

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