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.

Equivalent Units of Production	Direct Materials			Conversion
Units transferred out		38,000	EUP		38,000	EUP
Units of ending work in process		2,500	EUP		1,500	EUP
Equivalent units of production		40,500	EUP		39,500	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	19,350			$	2,520
Costs incurred this period			450,450				246,330
Total costs		$	469,800			$	248,850

Units in beginning work in process (all completed during July)	2,000
Units started this period	38,500
Units completed and transferred out	38,000
Units in ending work in process	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.)

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 Total costs accounted for ces Difference due to rounding cost/unit 0.00 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 Conversion % Materials EUP- Materials % Conversion Units Equivalent units of production Cost per EUP Conversion Materials Total costs Costs Costs Equivalent units of production EUP EUP Cost per equivalent unit of production 0 Cost Assignment and Reconciliation Cost per Costs transferred out EUP Total cost EUP Direct materials Conversion Total transferred out Cost per EUP Total cost Costs of ending work in process EUP $ 0.00 Direct materials 0.00 Conversion Total ending work in process Total costs accounted for