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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 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 Direct Materials Conversion
Units transferred out 43,500 EUP 43,500 EUP
Units of ending work in process 3,500 EUP 2,100 EUP
Equivalent units of production 47,000 EUP 45,600 EUP

Costs per EUP Direct Materials Conversion
Costs of beginning work in process $ 33,700 $ 4,440
Costs incurred this period 563,200 333,000
Total costs $ 596,900 $ 337,440

Units in beginning work in process (all completed during July) 3,000
Units started this period 44,000
Units completed and transferred out 43,500
Units in ending work in process 3,500

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

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