Required information Use the following information for the Exercises below. The following information applies to the questions displayed below The following partally completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to Its warehouse for shipping. All direct materlals are added to products when processing begins. Beginning work in process inventory is 20 % complete with respect to conversion. Equivalent Unita of Produetion Direct Material Converpion Units transferred out 40,000 EUP 40,000 EUP Units of ending work in 4,500 EUP 2,700 EUP process Equivalent units of production 44,500 EUP 42,700 EUP Direct Materials Conversion Costs per EUP Costs of beginning work in 43,950 s 5,360 process 490,050 280,730 Costs incurred this period $534,000 $286,090 Total coats Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in procesa 4,000 40,500 40,000 4,500 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 Total costs aocounted 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 % Materials Materials Conversion Conversion EUP- EUP- Units Equivalent units of production Cost per EUP Materials Conversion Costs Total costs +Equivalent units of production Cost per equivalent unit of production Cost Assignment and Costs EUP EUP Reconciliation Cost per Total cost Costs transferred out EUP EUP Direct materials Conversion Total transferred out Cost per Total cost Costs of ending work in process EUP EUP Direct materials Conversion Total ending work in process Total costs aocounted for