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 Units transferred out Units of ending work in process Equivalent units of production Direct Conversion Materials 32,500 EUP 32,500 EUP 3,000 EUP 1,800 EUP 35,500 EUP 34,300 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 22,950 349,800 $ 372,750 Conversion $ 2,600 175, 760 $ 178,360 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 2,500 33,000 32,500 3,000 Exercise 20-13A FIFO: Completing a process cost summary LO C3 C4 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 S 0.00 Required information $ 0.00 Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation Units to account for $ 0.00 + 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 Costs Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs EUP EUP 0 0 Cnete transformer FLIP Cost per Total mnet Costs Costs EUP EUP EUP Cost per Total cost EUP 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 Conversion Total cost to complete beginning work in process Costs of units started and completed this period EUP Cost per Total cost $ EUP 0.00 0.00 $ Direct materials Conversion Total costs started and completed this period Total cost of work finished this period $ 0.00 Costs of ending work in process EUP Cost per EUP Total cost $ 0.00 0.00 $ Direct materials Conversion Total cost of onding work in process Total costs accounted for