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. Direct Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Materials 34,500 EUP 2,000 EUP 36,500 EUP 34,500 EUP 1,200 EUP 35,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 12,850 385,000 $ 397,850 Conversion $ 1,680 198, 240 $ 199,920 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 1,500 35,000 34,500 2,000 Exercise 03-12 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 $ 0.00 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 Costs Charged to Production $ 0.00 0.00 Cost of goods manufactured Costs incurred this period Costs of beginning work in process Raw material purchases Beginning work in process Completed and transferred out Ending work in process Units started this period Avera Tot unito announted for Beginning work in process Completed and transferred out Ending work in process Units started this period 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 | Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion $ 0.00 Total ending work in process Total costs accounted for Units completed and transferred out Units of ending work in process Units started and completed Units to complete beginning work in process