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		35,000	EUP		35,000	EUP
Units of ending work in process		2,500	EUP		1,500	EUP
Equivalent units of production		37,500	EUP		36,500	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	18,450			$	2,280
Costs incurred this period			394,050				205,770
Total costs		$	412,500			$	208,050

Units in beginning work in process (all completed during July)	2,000
Units started this period	35,500
Units completed and transferred out	35,000
Units in ending work in process	2,500

Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)

Costs Charged to Production Total costs to account for 0.00 Total costs accounted for 0.00 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) - FIFO method Units % Materials EUP. Materials | % Conversion | EUP-Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation EUP EUP Cost per EUP Costs transferred out Cost of beginning work in process Cost to complete beginning work in process EUP Total cost Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Cost per EUP EUP Total cost Direct materials Conversion Total costs started and completed this period 0.00 0.00 Total cost of work finished this period 0.00 Costs of ending work in proces:s Cost per EUP EUP Total cost Direct materials Conversion Total cost of ending work in process 0.00 0.00 Total costs accounted for