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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
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 => Equivalent units of Production Units transferred out units of ending work in process Equivalent units of production Direct Materials 41,00 EUP 1.00 EUR 44,00 EUP Conversion 41,000 EUP 1. EUP 42,0 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials 26,150 10.450 5 536, Conversion 3 1.450 291. 5.05.10 2.50 41,500 units in beginning work in process (all completed during July) ut started this period units completed and transferred out Lists in ending work in process Next Prepare its process cost summary using the weighted averago method. (Round "Cost per EUP to 2 decimal places.) 0.00 Total costs to account for Total costs accounted for "Difference due to rounding costunt Unit Reconciliation Units to account for 5 0.00 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 Corwersion Materials Equivalent units of production Cost per EUP Costs EUP Costs EUP 0 Cost per EUP Total cost EUP Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materiais Conversion Total transferred out
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