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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
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 Direct Materials Conversion 32,500 EUP 32,500 EUP 3,000 EUP 1,800 EUP Equivalent Units of Production Units transferred out Units of ending work in process 35,500 EUP 34,300 EUP Equivalent units of production Direct Materials Conversiorn Costs per EUP Costs of beginning work in process $ 22,950 2,600 175,760 349,800 Costs incurred this period $372,750 178,360 Total costs 2,500 33,000 32,500 3,000 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 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 EUP- Units % Materials EUP-Materials % Conversion Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs Equivalent units of production EUP EUP Cost per equivalent unit of production Cost Assignment and Reconciliation Cost perTotal cost EUP EUP Costs transferred out Direct materials Conversion Total transferred out Cost perTotal cost EUP Costs of ending work in process EUP Direct materials Conversion Total ending work in process Total costs accounted for
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