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 Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 38.500 EUP 38,500 EUP 3,000 EUP 1,800 EUP 11, 500 EUP 10,300 EUP Conta per EUP Costs of beginning work in procese Costs incurred this period Total con Direct Materials $ 25, 350 460,200 $ 485,550 Conversion S 3,200 251, 720 $257,920 Unita in beginning work in process (all completed during July Units started this period Units completed and transferred out Unitsin ending work in proces 2,500 39.000 38,500 3,000 Prepare its process cost summary using the FIFO method (Round "Cost per EUP" to 2 decimal places.) $ 28,550.00 714,920.00 $ 743.470.00 $ 0.00 Costs Charged to Production Cost of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent units of production FIIPY FIFO method 2,500 39,000 41,500 38,500 3,000 41 500 Equivalent units of production (EUP) Fled method Units Materials EUP Waterials Conversion EUP Convertion 100% 100% 100% 60% 3,000 3,000 3,000 3,000 Materials 1,800 1,800 Convention Costs Units of beginning work in process Units started and completed Units of ending work in process Total Cost per EUP Cost of beginning work in process Total costs *Equivalent units of production Cost per EUP rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Costs EUP EUP 0 0 EUP Cost per EUP Total cost EUP Cost per EUP Total cost EUP Total cost Cost assignment and conciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materials Conversion Total cost of ending work in process Tntal rncte aminton Cost per EUP $ 0.00 5 0.00 5 0.00 EUP Total cost Cost per EUP 5 0.00 $ 0.00