[The following information applies to the questions displayed below.] The following data reports on the July production activities of the Molding department at Ash Company.

Beginning work in process
Direct materials	$ 19,350
Conversion	2,520	$ 21,870
Costs added this period
Direct materials	450,450
Conversion	246,330	696,780
Total costs to account for		$ 718,650

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	2,000	100%	20%
Units started this period	38,500
Completed and transferred out	38,000
Ending work in process inventory	2,500	100%	60%

Required:

1. Prepare the Molding departments production cost report using the weighted average method. (Round "Cost per EUP" to 2 decimal places.)

2. 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)
		Direct Materials		Conversion
	Units	% Complete	EUP	% Complete	EUP
Equivalent units of production
Cost per EUP			Direct Materials		Conversion
Total costs		Costs		Costs
Equivalent units of production		EUP		EUP
Cost per equivalent unit of production			0		0
Cost Assignment
Completed and transferred out	EUP	Cost per EUP	Total cost
Direct materials
Conversion
Total completed and transferred out
Ending work in process	EUP	Cost per EUP	Total cost
Direct materials		$0.00
Conversion		$0.00
Total ending work in process
Total costs accounted for