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 32,500 EUP 32,500 EUP Units of ending work in process 3,000 EUP 1,809 EUP Equivalent units of production 35,500 EUP 34,300 EUP Costs per EUP Costs of beginning work in process: Costs incurred this period Total costs Direct Materials $ 22,950 349,800 $ 372,750 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 Conversion $ 2,600 175,760 $ 178,360 2,500 33,000 32,500 3,000 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 $ 0.001 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 Equivalent units of production Cost per EUP Total costs % Materials EUP- Materials % Conversion EUP- Conversion. Costs EUP Materials - Equivalent units of production Cost per equivalent unit of production 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 Cost per EUP Total cost Direct materials $ 0.00 Conversion $ 0.00 Total ending work in process Total costs accounted for Costs Conversion EUP 0 0