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.

Equivalent Units of Production	Direct Materials			Conversion
Units transferred out		41,500	EUP		41,500	EUP
Units of ending work in process		3,500	EUP		2,100	EUP
Equivalent units of production		45,000	EUP		43,600	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	32,700			$	4,200
Costs incurred this period			520,800				301,000
Total costs		$	553,500			$	305,200

Units in beginning work in process (all completed during July)	3,000
Units started this period	42,000
Units completed and transferred out	41,500
Units in ending work in process	3,500

S 3,000.00 x 42,000.00 x Costs Charged to Production Costs of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for *Difference due to rounding cost/unit Unit Reconciliation $ 45,000.00 $ 0.00 Units to account for Total units to account for Total units accounted for % Conversion 100% EUP- Conversion 41,500 EUP- Materials 41,500 3,500 45,000 Materials 60% 2.100 43,600 Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method % Units Materials Units completed and transferred out 41,500 100% Units of ending work in process 3,500 100% Equivalent units of production 45,000 Cost per EUP Cost of beginning work in process Costs incurred this period Total costs Costs - Equivalent units of production EUP Cost per equivalent unit of production Conversion Costs EUP 0 0 Cost Assignment and Reconciliation 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 Conversion $ 0.00 Total ending work in process Total costs accounted for