Required Information [The following information applies to the questions displayed below] The following partially completed process cost surmary 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 35,000 FUP 2.500 EUP 37,500 EUP conversion 35,00 EUP 1.509 FUP 36,500 FUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Materials $ 18.45 394.se $ 412.50 Conversion $ 2.200 205,779 5 208,ese Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in coding work in process 2.ee 35. See 35.ee 2.500 Prepare its process cost summary using the weighted average method (Round "Cost per EUP" to 2 decimal places.) Total costs to account for Total costs accounted for Difference due to rounding costluk Unit Reconciliation Units to account for S 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 Matenals Conversion Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs EUP ol Cost per EUP Total cost Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total cost counted for Cost per Total cost Propare its process cot summary using the FIFO method. (Round "Cost per EUP to 2 decimal places.) Tot costs accounted for Difference due to rounding costunit Units to account for Total units to account for Total uns accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method EUP Materials Conversion EUP. Conversion Conversion Total costs - Esivalent units of production Cost EUP rounded to 2 decimals) Cost assignment and reconciliation Does transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials EUP Cost per EUP Total cost EUP Cost per EUP al cost Total cost to complete beginning work in process Costs of units started and completed his period Direct maneras Conversion Toy Cowaned and compared this period 0.00 Costs of ending work in process EUP Total cost Cost per EUP 000 Conversion To con ofending work in pro Tore C ounted