Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below] The following partsally 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 Equivalent units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 40,500 (UP 2,500 rup Conversion 40,500 EUP 1,500 ELP 43,000 UP 42,000 UP Conversion, $2,720 500,200 282,480 $520,000 5 285,600 Costs per P Costs of begiming work in process Costs incurred this period Direct Haterials $ 20,100 Total costs 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 2,000 41,000 40,500 2,500 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 Total costs to account for e to search ii C E C 6 < Prev 9 0 4 e 4 T Next >> R