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 Direct Materials 41,500 EUP 3,500 EUP Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Conversion 41,500 EUP 2,100 EUP 45,000 EUP 43,600 EUP Direct Materials S 32,700 520,800 s 553,500 Costs per EUP Costs of beginning work in process Costs incurred this period Conversion 4,200 301,000 Total costs $ 305,200 Units in beginning work in process (al1 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 Direct Costs per EUP Materials $ 32,700 520,800 Conversion 4,200 Costs of beginning work in process Costs incurred this period 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 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charned to Production 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 Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method 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 Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method EUP- Conversion % Conversion EUP- Materials % Materials Units Equivalent units of production 1of 1 Required information Equivalent Units of Production (EUP)- Weighted Average Method % Materials Units EUP- Materials % Conversion EUP. Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation EUP EUP Cost per EUP Costs transferred out Total cost EUP Direct materials Conversion Total transferred out Cost per Total cost EUP Costs of endino work in orocess 1 of 1 Next Required information Total costs Costs Costs Equivalent units of production Cost per equivalent unit of production EUP EUP Cost Assignment and Reconciliation Cost per EUP Costs transferred out EUP Total cost Direct materials Conversion Total transferred out Cost per EUP Total cost Costs of ending work in process EUP es Direct materials Conversion Total ending work in process Total costs accounted for
