The following data reports on the July production activities of the Molding department at Ash Company.

Beginning work in process
Direct materials	$ 24,150
Conversion	2,900	$ 27,050
Costs added this period
Direct materials	403,200
Conversion	213,440	616,640
Total costs to account for		$ 643,690

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	2,500	100%	20%
Units started this period	36,000
Completed and transferred out	35,500
Ending work in process inventory	3,000	100%	60%

Prepare a production cost report using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)

* Answer is complete but not entirely correct. Unit reconciliation Units to account for 2,500 OO 36.000 38,500 Beginning work in process Units started this period Total units to account for Units accounted for Beginning work in process Units started and completed Ending work in process Total units accounted for Equivalent units of production (EUP) - FIFO method 2.500 OOO 35.500 X 3.000 38.500 Direct Materials Conversion Units % Added EUP % Added EUP 096 1.600 X 80% 1,600 X OOO Beginning work in process Started and completed Ending work in process Equivalent Units of Production Cost per EUP 2.500 35,500 X 3.000 100% 10096 35.500 X 1.800 35,500 X 1.800 100% 6096 41,000 38,900 38.900 Direct Materials 403.200 Conversion Costs added this period 213,440 Total costs Costs S Costs $ 213,440 403.200 38.900 X EUP EUP 38.900 X - Equivalent units of production Cost per EUP (rounded to 2 decimals) IS 10.37 $ 5.49 Cost assignment EUP EUP Cost per EUP Total cost $ 2,500.00 Beginning work in process To complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process 24.150 X s 10.37 $ 250,436.00 5.49 X 15.921.00 2.900 Xs $ 266.357.00 Started and completed Total cost Cost per EUP EUP 35,500 X s 10.37 s 368,135.00 3.500 X 5 5.49 19.215.00 Direct materials Conversion Total costs started and completed this period Completed and transferred out $ 387,350.00 $ 656,207.00 Cost per Ending work in process EUP Total cost EUP 10.37 $ 3.000 $ 1,800 $ 31.110.00 9,882.00 5.49 Direct materials Conversion Total cost of ending work in process Total costs accounted for 40.992.00 S 697,199.00