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 Astad 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 Direct Equivalent Units of Production Materials Conversion Units transferred out 42,500 ELP 4%, S EUP Units of ending work in process 2,500 EUP 1.500 EUP Equivalent units of production 45,000 EUP 44,000 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 20,700 541,800 $ 562,500 Conversion $ 2,380 313,920 5 316,800 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 43,000 42,500 2,500 Exercise 20-12 Weighted average: Completing a process cost summary LO C3 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 Costs of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for "Difference due to rounding cost/unit 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 2 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 EUP Cost per EUP Total cost Total costs -Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out 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 EUP Total cost Next