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[The following information applies to the questions displayed below.] The following partially completed process cost summary describes the July production activities of the Molding department
[The following information applies to the questions displayed below.] 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 Conversion 41,500 EUP 41,500 EUP 3,500 EUP 2,100 EUP 45,000 EUP 43,600 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Direct Materials $ 32,700 520,800 Conversion $ 4,200 301,000 Total costs $553,500 $305,200 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 3,000 42,000 41,500 3,500. epare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) osts Charged to Production Costs Charged to Production Costs incurred this period Costs of beginning work in process Total costs to account for $ 69 0.00 Total costs accounted for "Difference due to rounding cost/unit $ 0.00 Unit Reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units completed and transferred out Units of ending work in process Equivalent units of production Cost per EUP Cost of beginning work in process Costs incurred this period Total costs Equivalent units of production Units % Materials EUP- Materials % Conversion EUP- Conversion Costs EUP Materials, Costs EUP Conversion Required information Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP- Materials % Conversion EUP-Conversion Units completed and transferred out Units of ending work in process Equivalent units of production Cost per EUP Cost of beginning work in process Costs incurred this period Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Costs EUP Materials EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Cost per Costs of ending work in process EUP Total cost EUP Direct materials $ 0.00 $ 0.00 Conversion Total ending work in process Total costs accounted for Costs EUP 0 Conversion
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