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 42,000 EUP 3,500 EUP 45,500 EUP Conversion 42,000 EUP 2,100 EUP 44,100 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 32,950 531,250 $ 564,200 Conversion $ 4,260 308,850 $ 313,110 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 3,000 42,500 42,000 3,500 Costs Charged to Production Costs of beginning work in process $ 37,210.00 Costs incurred this period 840,100.00 Total costs to account for $ 877,310.00 Total costs accounted for *Difference due to rounding cost/unit $ 0.00 Unit Reconciliation Units to account for Beginning work in process 3,000 Units started this period 42,500 Total units to account for 45,500 Total units accounted for Completed and transferred out 42,000 Ending work in process 3,500 Total units accounted for 45,500 Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP- Materials % Conversion EUP- Conversion 100% 100% 100% 60% Equivalent units of production Materials Conversion Cost per EUP Costs incurred this period Total costs Costs Costs EUP EUP - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 0 Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Total cost Cost per EUP $ 0.00 Direct materials $ 0.00 Conversion Total ending work in process Total costs accounted for