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 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 Units of ending work in process Equivalent units of production Materials 36,500 EUP 4,000 EUP 40,500 EUP 36,500 EUP 2,400 EUP 38,900 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 35,850 421,800 $ 457,650 Conversion $ 4,200 229,200 $233,400 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 37,000 36,500 4,000 Costs Charged to Production Total costs to account for Total costs accounted for *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 Units % Materials EUP- Materials % Conversion EUP- Conversion Equivalent units of production Cost per EUP Materials Conversion Costs Total costs + Equivalent units of production Cost per equivalent unit of production Costs EUP EUP Cost Assignment and Reconciliation Costs transferred out EUP Cost per Total cost EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for