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 Units of ending work in process Equivalent units of production Direct Materials 41.000 EUP 3,000 EUP 44,000 EUP Conversion 41,000 EUP 1,800 EUP 42,800 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 26,350 510,450 $ 536,800 Conversion $ 3,450 291,870 $ 295,320 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 2,500 41.500 41,000 3,000 Exercise 20-12 Weighted average: Completing process cost summary LO C3 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) $ 0.00 $ 0.00 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 costunt Unit Reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP, Weinha EUP. Conversion EUPMaterials 41,000 3,000 44,000 Materials 5 Conversion 100% 60% 100% 41.000 1.800 42 800 Conversion Lot Units account for Equivalent Units of Production (EUP) Weighted Average Metrics Unita Units completed and transferred out 41,000 100% Units of ending work in process 3.000 Equivalent units of production 44,000 Cost per EUP Costs incurred this period Costs incurred this penod Total costs Costs - Equivalent units of production EUP Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Cost per EUP EUP Direct materials Conversion Total transferred out Costs of ending work in process Cost per EUP EUP Direct materials $ 000 Conversion 5 000 Total ending work in process Total cost accounted for Costs EUP 0 Total cost Total cost