Saved Help Save 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 Conversion Materials 44,000 EUP 44.000 EUP 4,000 EUP 2,400 EUP 48.000 EUP 46,400 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costa Direct Materials $ 40,350 574,050 3 614,400 Conversion 5 5,250 342,750 $348,000 Units in beginning work in process all completed during July Units started this period Units completed and transferred out Unitsin ending work in process 3,500 44.500 44.000 (Prev 1 of 1 Next CH o to search E DES Priser Home # a $ A & 2 00 3 4 5 6 7 0 W ERT Y U | S D F G H J K L R. NM Saved 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 3,500 44,500 44,000 4.000 Exercise 03-12 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 decim $ 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 Unit Reconciliation Units to account for FOR $ 0.00 Prev 1 of 1 Next Search o BI E - Priser 3 FS FB FO FO a # $ % 2 3 4 5 7 B 0 W E RT Y U Required information Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units Units completed and transferred out Units of ending work in process Equivalent units of production Cost per EUP Costs incurred this period Cost of beginning work in process Total costs Euthalent interdiction 5 % Materials EUP-Materials % Conversion EUP. Conversion es Materials Conversion Costs Costs CHID Prev 1 of 1 Next > O ere to search HI DELL Home 3 Priser F1 Insert F12 FE 510 FD $ % * N 0 2 3 4 5 6 7 8 - W E R. TY U S D F G H H J K L Sove C Required information Costs Costs EUP EUP EUP Cost per EUP Total cost Costs incurred this period Cost of beginning work in process Total costs Equivalent units of production Cost per equivalent unit of production 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 Total cost Cost per EUP $ 0.00 $ 0.00 o ere to search FI DELL Priser E a # $ % 2 3 4 5 6 7 8 9 O E R S D F G H J K L Z X CV B N M