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 Materials 39,500 EUP 4,800 EUP Conversion 39,580 EUP 2,400 EUP 41,900 EUP 43,580 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 37,658 480,000 $ 517,650 Conversion $ 4,620 271,920 $ 276,540 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 3,580 49, eee 39,5ee 4,280