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 Units of ending work in process Equivalent units of production Direct Materials Conversion 35,000 EUP 35,000 EUP 2,500 EUP 1,500 EUP 37,500 EUP 36,500 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 18,450 394,050 $ 412,500 Conversion $ 2,280 205,770 $208,050 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 35,500 35,000 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 $ 0.00 Total costs accounted for * Difference due to rounding cost/unit Unit Reconciliation $ 0.00 Units to account for Total units to account for Total units accounted for Total units counted 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 Total costs Costs Costs EUP EUP + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 0 Cost per Costs transferred out EUP EUP Total cost Direct materials Conversion Total transferred out Cost per Costs of ending work in process EUP Total cost EUP 0.00 $ $ 0.00 Direct materials Conversion Total ending work in process Total costs accounted for