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 goods in process inventory is 20% complete with respect to direct labor and overhead. Equivalent units of production Weighted average method Units transferred out Direct Direct Factory Materials Labor Overhead 32,000 32,000 32,000 Units of ending goods in process 2,500 1,500 1,500 Equivalent units of production 34,500 33,500 33,500 Costs Costs of beginning goods in process Costs incurred this period Direct Direct Factory Materials Labor Overhead 18,550 $ 760 $ 1,520 357,500 62,890 125,780 Total costs Units in beginning goods in process $376,050 63,650 127,300 Check my wom Weighted average method Units transferred out Materials Labor Overhead 32,000 32,000 Units of ending goods in process 2,500 Equivalent units of production 32,000 1,500 1,500 34,500 33,500 33,500 Costs Costs of beginning goods in Direct Direct Factory Materials Labor Overhead 18,550 $ $ 760 $1,520 process 357,500 62,890 125,780 Costs incurred this period Total costs $376,050 63,650 127,300 Units in beginning goods in process (all completed during July) 2,000 Units started this period 32,500 Units completed and transferred 32,000 out Units in ending goods in process 2,500 Help 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 Total costs accounted for Difference due to rounding cost/unit Unit cost information Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method Check my work Units % Materials EUP- Materials % Labor EUP-Labor 1 of 3 Next > Help Save & Exit Submit Check my work Equivalent units of production (EUP)- FIFO method Units % Materials EUP-Materials % Labor EUP-Labor % Equivalent units of production Cost per EUP Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning goods in process Cost to complete beginning goods in process Direct materials Direct labor Factory overhead Total cost to complete beginning goods in process Costs of units started and completed this period Direct materials Direct labor Costs EUP Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Prev 1 of 3 Next > Costs EUP Labor Check my work Equivalent units of production (EUP)- FIFO method Units % Materials EUP. Materials Equivalent units of production Cost per EUP Total costs Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning goods in process Cost to complete beginning goods in process Direct materials Direct labor Factory overhead Total cost to complete beginning goods in process Costs of units started and completed this period Direct materials Direct labor Factory overhead Total costs started and completed this period Total cost of goods finished this period Costs of ending goods in process Direct materials Direct labor Factory overhead Total cost of ending goods in process Total costs accounted for Costs EUP Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Cost per EUP Total cost EUP EUP- Materials % Labor EUP-Labor % Overhead EUP- Overhead Materials bok Total cost Total cost Total cost Costs EUP Labor Costs EUP Overhead