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The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added
The following data reports on the July production activities of the Molding department at Ash Company. Beginning work in process Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory $ 32,950 4,260 $ 37,210 531,250 308,850 840,100 $ 877,310 Direct Materials Conversion Percent Units Complete Percent Complete 3,000 100% 20% 42,500 42,000 3,500 100% 60% Prepare a production cost report using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Unit reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent units of production (EUP) FIFO method Equivalent Units of Production Cost per EUP -Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed i Direct materials Conversion Direct Materials Conversion Units % Added EUP % Added EUP Direct Materials Conversion EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 $ 0.00 Completed and transferred out $ 0.00 Ending work in process EUP Cost per EUP Total cost Direct materials $ 0.00 $ 0.00 Conversion Total costs accounted for 0
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