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[The following information applies to the questions displayed bel The following partially completed process cost summary describes the July production activities of the Molding
[The following information applies to the questions displayed bel 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 Materials 38,000 EUP 2,500 EUP Conversion 38,000 EUP 1,500 EUP 40,500 EUP 39,500 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 19,350 450,450 $469,800 Conversion $ 2,520 246,330 $248,850 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 2,000 38,500 38,000 2,500 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production < Prev 6 of 10 Next >
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