Question
The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent
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 wirk in process fquivalent units of production Direct Materials Conversion 43,500 UP 45,500 CUP 3,500 UP 2,100 EUP 47,000 EUP 45,600 EUP Casts per kur Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 33,700 563,200 $596,900 Units in beginning work in process (all completed doring July) Units started this period Units completed and transferred out Units in ending wirk in process Conversion 54,440 333,000 3,000 44,000 43,500 3,500 Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production 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 wirk in process fquivalent units of production Direct Materials Conversion 43,500 UP 45,500 CUP 3,500 UP 2,100 EUP 47,000 EUP 45,600 EUP Casts per kur Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 33,700 563,200 $596,900 Units in beginning work in process (all completed doring July) Units started this period Units completed and transferred out Units in ending wirk in process Conversion 54,440 333,000 3,000 44,000 43,500 3,500 Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production
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