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The following data reports on the July production activities of the Molding department at Ash Company. Prepare the Molding department's production cost report using the
The following data reports on the July production activities of the Molding department at Ash Company. Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. Required information \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Equivalent Units of Production (EUP) } \\ \hline & \multirow[b]{2}{*}{ Units } & \multicolumn{2}{|c|}{ Direct Materials } & \multicolumn{2}{|c|}{ Conversion } \\ \hline & & \multirow[t]{2}{*}{% Complete } & \multirow[t]{2}{*}{ EUP } & % Complete & EUP \\ \hline & & & & & \\ \hline & & & & & \\ \hline \multicolumn{6}{|l|}{ Equivalent units of production } \\ \hline Cost per EUP & & & Direct Materials & & Conversion \\ \hline \multicolumn{6}{|l|}{7} \\ \hline \multicolumn{6}{|l|}{ F } \\ \hline Total costs & & Costs & & Costs & \\ \hline - Equivalent units of production & & EUP & & EUP & \\ \hline \multicolumn{6}{|c|}{ Cost per equivalent unit of production } \\ \hline \multicolumn{6}{|l|}{ Cost Assignment } \\ \hline Completed and transferred out & EUP & Cost per EUP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline \multicolumn{6}{|c|}{ Total completed and transferred out } \\ \hline Ending work in process & EUP & Cost per EUP & Total cost & & \\ \hline \multicolumn{6}{|l|}{ Direct materials } \\ \hline \multicolumn{6}{|l|}{ Conversion } \\ \hline \multicolumn{6}{|l|}{ Total ending work in process } \\ \hline Total costs accounted for & & & & & \\ \hline \end{tabular} Prepare the Molding department's production cost report using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places
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