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 Equivalent units of Production Units transferred out Undts of ending work in process Equivalent units of production Direct Material 37,000 EUP 4.500 EUR 41,500 EUP Conversion 37,000 EUP 2,700 EUP 39,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total casts Direct Materials $ 41,850 431,250 $ 473.100 Conversion $ 4,810 237,200 5242,170 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 4,000 37,500 37,000 4.500 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.) Chanel to Production Total costs to account for Total costs accounted for "Difference due to rounding cost/unit Int Reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (Eur's Wighted Average Method Mots EUR Materials Conversion EUR Cowo Total units accounted for Equivalent units of production Costs EUP Costs EUP Total costs Equivalent units of production Cost per equivalent unit of production Content and Reconcino Costs transferred out EUP Cost per EUP Total cost Cost per EUP 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 Total cost