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 39,500 EUP 4,000 EUP 43,500 EUP 39, 500 EUP 2,400 EUP 41,900 EUF Direct Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Materials Conversion $ 37,650 4,620 480,800 271,920 S 517,650 276,540 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