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 Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production 40,500 EUP 40,500 EUP 2,500 EUP 1,500 EUP 43,000 EUP 42,000 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 20,100. 500, 200 $ 520,300 Conversion $ 2,720 282,880 $285,600 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 41,000 40,500 2,500 Exercise 16-12 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.) $ 22,820.00 783,080.00 805,900.00 $ $ 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 cost/unit 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 2,000 41,000 43,000 40,500 2,500 43,000 Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion Units completed and transferred out 40,500C 100% 40,500C 100% Units of ending work in process 2,500 100% 2,500 100% Equivalent units of production 43,000 43,000 Cost per EUP Materials Cost of beginning work in process $ 20,100 Costs incurred this period 500,200 Total costs Costs $ 520,300 Costs + Equivalent units of production EUP 43,000 EUP Cost per equivalent unit of production 12.10 Cost Assignment and Reconciliation Costs transferred out Cost per EUP Total cost Direct materials 43,000 $ 12.10 $ 520,300.00 Conversion 43,000 $ 6.64 285,520.00 Total transferred out $ 805,820.00 Costs of ending work in process Cost per Total cost Direct materials 12.10 Conversion 6.64 Total ending work in process Total costs accounted for EUP- Conversion 40,500 2,500 43,000 Conversion $ 2,720 282,880 $ 285,600 43,000 $ 6.64 EUP EUP