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	Direct Materials			Conversion
Units transferred out		43,500	EUP		43,500	EUP
Units of ending work in process		3,500	EUP		2,100	EUP
Equivalent units of production		47,000	EUP		45,600	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	33,700			$	4,440
Costs incurred this period			563,200				333,000
Total costs		$	596,900			$	337,440

Units in beginning work in process (all completed during July)	3,000
Units started this period	44,000
Units completed and transferred out	43,500
Units in ending work in process	3,500

Units % Materials EUP-Materials % Conversion EUP-Conversion Total Cost per EUP Materials Conversion Costs Costs EUP EUP EUP Cost per EUP Total cost Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period EUP Total cost Direct materials Conversion Cost per EUP 0.00 $ 0.00 Total costs started and completed this period Total cost of work finished this period $ 0.00 EUP Total cost Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP $ 0.00 $ 0.00 Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) $ 3,000.00 44,000.00 47,000.00 $ 0.00 Costs Charged to Production Cost of beginning work in process Units of beginning work in process Total costs to account for Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for Beginning work in process Completed and transferred out Total units to account for Total units accounted for 3,000 40,500 43,500 Total units accounted for Equivalent units of production (EUP) - FIFO method Units % Materials EUP-Materials % Conversion EUP-Conversion Total Cost per EUP Materials Conversion Costs EUP Costs EUP Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials EUP Cost per EUP Total cost 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 Total costs Costs EUP Costs EUP + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Total cost Cost per EUP $ 0.00 $ 0.00 Direct materials Conversion Total ending work in process Total costs accounted for $ 33,700.00 4,440.00 38,140.00 $ 0.00 Costs Charged to Production Raw material purchases Costs incurred this period Total costs to account for Total costs accounted for *Difference due to rounding cost/unit Unit Reconciliation Units to account for Beginning work in process Completed and transferred out Total units to account for Total units accounted for 563,200 333,000 896,200 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 EUP Costs EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out EUP Costs of ending work in process Cost per Total cost CUID