[The following information applies to the questions displayed below.]

The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. 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	Direct Materials			Conversion
Units transferred out		44,000	EUP		44,000	EUP
Units of ending work in process		4,000	EUP		2,400	EUP
Equivalent units of production		48,000	EUP		46,400	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	40,350			$	5,250
Costs incurred this period			574,050				342,750
Total costs		$	614,400			$	348,000

Units in beginning work in process (all completed during July)	3,500
Units started this period	44,500
Units completed and transferred out	44,000
Units in ending work in process	4,000

Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Costs Charged to Production
Costs of beginning work in process	$45,600.00
Costs incurred this period	916,800.00
Total costs to account for	$962,400.00
Total costs accounted for
*Difference due to rounding cost/unit	$0.00
Unit Reconciliation
Units to account for
Beginning work in process	3,500
Units started this period	44,500
Total units to account for	48,000
Total units accounted for
Completed and transferred out	44,000
Ending work in process	4,000
Total units accounted for	48,000
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			Materials		Conversion
Total costs		Costs		Costs
Equivalent units of production		EUP		EUP
Cost per equivalent unit of production			0		0
Cost Assignment and Reconciliation
Costs transferred out	EUP	Cost per EUP	Total cost
Direct materials
Conversion
Total transferred out
Costs of 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