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. Direct Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Materials 39,500 EUP 4,000 EUP 43,500 EUP 39,500 EUP 2,400 EUP 41,900 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 37,650 480,000 $ 517,650 Conversion $ 4,620 271,920 $ 276,540 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 40,000 39,500 4,000 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 $ 0.00 $ 0.00 Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method Units % Materials EUP- Materials % Conversion EUP- Conversion Total Cost per EUP Materials Converei Conversion Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out Cost of beginning work in process Cost to complete beginning work in process Direct materials Conversion Total cost to complete beginning work in process Costs of units started and completed this period Direct materials EUP Total cost Cost per EUP $ 0.00 $ 0.00 $ 0.00 EUP Total cost Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP $ 0.00 $ 0.00