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's 20% complete with respect to conversion Materiais Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct 37,00 EUP 37,00 EUP 4.500 EUP 2.700 EUP 41,500 EUP 39,720 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials Conversion 5.41,150 $4,880 431,250 237200 5473,100 5202,170 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 4,000 37.500 37.000 4.5e Required information Exercise 20-12 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 $ 0.00 Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit Reconciliation Units to account for $ 0.00 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 Totalte Cnete Crete 4 Required information 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 EUP Costs EUP Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out 0 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 EUP Cost per Total cost EUP 0.00 $ $ 0.00 Exercise 20-13A FIFO: Completing a process cost summary LO C3 C4 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total units nocounted for Equivalent units of production (EUP) - FIFO method Units % Materials EUP-Materials Conversion EUP-Conversion Total Cost per LUP Materials Conversion Total Cost per EUP Materials Conversion Costs EUP Costs EUP 0 0 EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materiais Conversion Total cost of ending work in process Total costs accounted for EUP Total cost Cost per EUP $ 0.00 $ 0.00 $ 0.00 EUP Total cost Cost per EUP $ 0.00 $ 0.00