Required information Use the following information for the Exercises below. [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. Direct Materials. Equivalent Units of Production Units transferred out Conversion 32,500 EUP 32,500 EUP Units of ending work in processi 3,000 EUP 1,800 EUP Equivalent units of production 35,500 EUP 34,300 EUP Direct Costs per EUP Costs of beginning work in process Materials. Conversion $ 22,950 $ 2,600 Costs incurred this period 349,800 175,760 Total costs $372,750 $178,360 Units in beginning work in process (all completed during July) 2,500 Units started this period Units completed and transferred out 33,000 32,500 3,000 Units in ending work in process Exercise 16-12 Weighted average: Completing a process cost summary LO C3 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 "Difference due to rounding cost/unit $ 0.00 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 Units EUP-Materials % Conversion EUP-Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs % Materials Costs Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units Equivalent units of production Cost per EUP Total costs +Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP EUP % Materials Costs EUP Cost per EUP Cost per EUP $ $ 0.00 0.00 EUP-Materials Materials Total cost Total cost 0 % Conversion Costs EUP EUP- Conversion. Conversion 0