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Required intormation Use the following information for the Exercises below. The following information applies to the questions displayed below.] The following partially completed process cost
Required intormation 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 Direct Materials 37,500 EUP 2,000 EUP 39,500 EUP Conversion 37,500 EUP 1,200 EUP 38,700 EUF Equivalent Units of Production Units transferred out Units of ending work in proces:s Equivalent units of production Direct Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Materials Conversion $13,450$1,860 440,800 238,080 $.454,250 239,940 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 38,000 37,500 2,000
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