(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. Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials 37,500 EUP 2,000 EUP 39,500 EUP 37,500 EUP 1,200 EUP 38,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period costs Direct Materials $ 13,450 440, 800 $ 454,250 Conversion $ 1,860 238,080 $ 9,94 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 1,500 38,000 37,500 2,000 Exercise 20-12 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.)