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 39,000 EUP 39,000 EUP 3,500 EUP 2,100 EUP 42,500 EUP 41,100 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 31,450 470,050 $ 501,500 Conversion $ 3,900 263,250 $267,150