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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.

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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. Direct Equivalent Units of Production Materials Conversion Units transferred out 33,800 EUP 33,000 EUP Units of ending work in process 3,500 EUP2, 100 EUP Equivalent units of production 36,500 EUP 35, 100 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials Conversion $ 28,450 358,450 $386,988 Units in beginning work in process (all completed di uring July) Units started this period Units completed and transferred out Units in ending work in process 3,880 33.500 33.000 3,503 Exercise 20-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted average method (Round "Cost per EUP Costs Charged to Production $ Total costs to account for Total costs accounted for "Difference due to rounding costunit Unit Reconciliation Units to account for s Total units to account for Total units accounted to Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP)-Weighted Averag EUP- Materials nversion EUP Conversion Equivalent units of production Cost per EUP Conversion Costs EUP Costs EUP EUP Cost per EUPT Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP cost per 0.00 0.00

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