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 Conversion Materials 34,500 EUP 34,500 EUP 2,000 EUP 1,200 EUP 36,500 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 Equivalent units of production (EUP) - FIFO method Units % Materials EUP- Materials % Conversion EUP- Conversion Units of beginning work in process Units started and completed Units of ending work in process Total Cost per EUP Materials Conversion Total costs Costs Costs EUP EUP + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation 0 0 EUP Cost per EUP Total cost Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost complete beginning work in process Costs of units started and completed this period Direct materials EUP Cost per EUP Total cost $ 0.00 $ 0.00 Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materials $ 0.00 EUP Cost per EUP Total cost $ 0.00 Costs of ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 Conversion $ 0.00 Total cost of ending work in process Total costs accounted for