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 42,500 EUP 42,500 EUP Units of ending work in process 2,500 EUP 1,500 EUP Equivalent units of production 45,000 EUP 44,000 EUP Costs per EUP Direct Materials Conversion Costs of beginning work in process $ 20,700 $ 2,880 Costs incurred this period 541,800 313,920 Total costs $ 562,500 $ 316,800 Units in beginning work in process (all completed during July) 2,000 Units started this period 43,000 Units completed and transferred out 42,500 Units in ending work in process 2,500 Exercise 16-12 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.)