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		37,500	EUP		37,500	EUP
Units of ending work in process		2,000	EUP		1,200	EUP
Equivalent units of production		39,500	EUP		38,700	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	13,450			$	1,860
Costs incurred this period			440,800				238,080
Total costs		$	454,250			$	239,940

Units in beginning work in process (all completed during July)	1,500
Units started this period	38,000
Units completed and transferred out	37,500
Units in ending work in process	2,000

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.)