[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 38,500 EUP 3,000 EUP 41,500 EUP Conversion 38,500 EUP 1,800 EUP 40,300 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 25,350 460,200 $ 485,550 Conversion $ 3,200 254, 720 $257,920 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 2,500 39,000 38,500 3, oee Exercise 03-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit Reconciliation Units to account for Total units to account for Total units accounted for ces Total units accounted for HD Walehted Average Method Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion EUP. Conversion Equivalent units of production Cost per EUP Materials Conversion Costs Costs EUP EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Cost per EUPEUP Total cost Costs transferred out Direct materials Conversion Total transferred out EUP Cost per EUP Total cost Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for