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. Equivalent Units of Production Units transferred out Direct Materials 40,500 EUP Conversion Units of ending work in process 2,500 EUP Equivalent units of production 43,000 EUP 40,500 ELP 3,500 ELP 42,000 EUP Costs per EUP Direct Materials Costs of beginning work in process Costs Incurred this period $ 20,100 500,200 Total costs $520,300 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 $ 2,720 282,880 $ 285,600 2,000 41,000 40,500 2,500