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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 Units transferred out Materials 39,500 EUP 4,000 EUP 39,500 EUP Units of ending work in process 2,400 EUP Equivalent units of production 43,500 EUP 41,900 EUP Direct Materials Conversion $.37,650 4,620 Costs per EUP Costs of beginning work Costs incurred this period in process 480,000 271,920 $. 517,650 276,540 Total costs 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 3,500 40,000 39,500 4,000 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) 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 Cost per EUP Materials Conversion Costs Costs Total costs Equivalent units of production EUP EUP Cost per equivalent unit of production 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 proces:s EUP Total cost Direct materials 0.00 Conversion 0.00 Total ending work in process Total costs accounted for
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