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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. Direct Conversion Equivalent Units of Production PUL 37,000 EUP 2,700 EUP Units of ending work in process 4,500 EUP Equivalent units of production 41,500 EUP 39,700 EUP Direct Materials $ 41,850 Conversion Costs per EUP Costs of beginning work in process Costs incurred this period 4,880 431,250 237,290 Total costs $ 473,100 $242,170 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 4,000 37,500 37,000 4,500 Costs Charged to Production Total costs to account for 0,00 Total costs accounted for 0.00 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 EUP- Conversion Units %Materials EUP- Materials % Conversion Equivalent units of production Conversion Cost per EUP Materials Total costs Costs Costs Equivalent units of production EUP EUP Cost per equivalent unit of production 0 0 Cost Assignment and Reconciliation Cost per EUP Costs transferred out EUP Total cost Direct materials Conversion Total transferred out Cost per EUP Costs of ending work in process EUP Total cost Direct materials $ 0.00 Conversion 0.00 Total ending work in process Total costs accounted for
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