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, quivalent units of Production Units transferred out Units of ending work in proces Equivalent units of production Direct Materials Conversion 35,500 EUR 35500 TOP 1,000 HUD 2,800 EUR 38.500 IUP 37.300 EUR Coal per Conta of beginning work in proceso Costa incurred this period Total costa Direct Materiale 24.150 403,200 $427,350 Conversion $ 2.900 22.449 $216,340 Onits in beginning work in process (all completed during July Unito started this period tinita completed and transferred out Units in ending work in process 2.500 36.000 35,500 2.000 Required information 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.) Cost Charged to Production 0.00 5 0.00 Total cost account for Total cost accounted for 'Dfference due to rounding count Unit Reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for I Wanted Average Method BURU Equivalent Units of Production (EUP) Weighted Average Method Units Materials EUP-Materials Conversion EUP. Conversion Equivalent units of production Cost per EUP + Material Conversioni Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Cost transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Convention Total ending work in process Total costs mocounted for Cost per EUP Total cost EUP $ 0.00 $ 0.00