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 th department at Ashad Company. Its production output is sent to the next department. All direct materi products when processing begins. Beginning work in process inventory is 20% complete with respec Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 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 Conversion $ 12,850 $ 1,680 385,000 198,240 $ 397,850 $ 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 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.) 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 $ 0.00 Unit Reconciliation Units to account for Beginning work in process 1,500 Units started this period 35,000 Total units to account for 36,500 Total units accounted for Completed and transferred out 34,500 Ending work in process 2,000 Total units accounted for 36,500 Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials Units completed and transferred out 34,500 Units of ending work in process 2,000 Equivalent units of production 36,500 Cost per EUP Cost of beginning work in process Costs incurred this period Costs Total costs EUP-Materials % Conversion EUP. Conversion Materials Conversion Costs Required information EUP-Materials % Conversion EUP-Conversio Materials Conversion Costs EUP Total units accounted for 36,500 Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials Units completed and transferred out 34,500 Units of ending work in process 2.000 Equivalent units of production 36,500 Cost per EUP Cost of beginning work in process Costs incurred this period Total costs Costs Equivalent units of production EUP Cost per equivalent unit of production Cost Assignment and Reconciliation EUP Costs transferred out Cost per Direct materials 34,500 Conversion 34,500 Total transferred out Cost per Costs of ending work in process EUP EUP Direct materials 2,000 $ 0.00 Conversion 1,200 $ 0.00 Total ending work in process Total costs accounted for 0 Total cost EUP Total cost 0.00 0.00 $
