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 Direct Materials Equivalent Units of Production Units transferred out Conversion 37,500 EUP 37,500 EUP 2,000 EUP 1,200 EUP Units of ending work in process Equivalent units of production 39,500 EUP 36,700 EUP Direct Costs per EUP Materials. Costs of beginning work in process Costs incurred this period $ 13,450 440,800 Total costs $454,250 Units in beginning work in process (all completed during July) Units started this periodi Units completed and transferred out Units in ending work in process Conversion $ 1,860 238,080 $ 239,940 1,500 38,000 37,500 2,000 26 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.) Costs Charged to Production Total costs to account for Total costs accounted 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 Units % Materials EUP Materials % Conversion EUP. Conversion Equivalent units of production Cost per EUP- Materials: Conversion Total costs Costs Costs EUP -Equivalent units of production EUP Cost per equivalent unit of production Cost Assignment and Reconciliation Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP EUP Cost per EUP Cost per EUP Total cost. Total cost