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 33,500 EUP 4,000 EUP 37,500 EUP Conversion 33,500 EUP 2,400 EUP 35,900 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 34,050 367,200 $ 401, 250 Conversion 3,780 190.080 $ 193,860 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 3,500 34,000 33,500 4,000 Exercise 16-12 Weighted average: Completing a process cost summary LO C3 Costs Charged to Production $ 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)- Weighted Average Method Units % Materials EUP-Materials % Conversion EUP-Conversion Equivalent units of production Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUP- Materials % Conversion EUP-Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs EUP EUP Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation 0 Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out EUP Total cost Cost per EUP $ 0.00 Costs of ending work in process Direct materials Conversion Total ending work in process $ 0.00