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		41,500	EUP		41,500	EUP
Units of ending work in process		3,500	EUP		2,100	EUP
Equivalent units of production		45,000	EUP		43,600	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	32,700			$	4,200
Costs incurred this period			520,800				301,000
Total costs		$	553,500			$	305,200

Units in beginning work in process (all completed during July)	3,000
Units started this period	42,000
Units completed and transferred out	41,500
Units in ending work in process	3,500

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

Costs Charged to Production Cost of beginning work in process Costs incurred this period Total costs to account for $ 36,900.00 821,800.00 $ 858,700.00 858,890.00 $ (190.00) Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for 3,000 Beginning work in process Units started this period Total units to account for 42,000 45,000 Total units accounted for 41,500 Completed and transferred out Ending work in process Total units accounted for 3,500 45,000 Dror 10 of 17 Moyt Equivalent units of production (EUP) - FIFO method Units % Materials EUP. Materials % Conversion EUP- Conversion 100% 3,000 100% 3,000 X 38,500 100% 100% Cost of beginning work in process Units completed and transferred out Units of ending work in process Total Cost per EUP 3,000 38,500 3,500 45,000 100% 38,500 3,500 45,000 60% 2,100 43,600 Conversion Materials 520,800 301,000 Total costs Costs 520,800 Costs 301,000 EUP 45,000 EUP 43,600 X - Equivalent units of production Cost per EUP (rounded to 2 decimals) $ 11.57 6.90 Cost assignment and reconciliation Costs transferred out EUP Cost per EUP Total cost $ 37,400.00 X Cost of beginning work in process Cost to complete beginning work in process Direct materials 11.57 $ 34,710.00 3,000 X $ 3,000 Conversion 6.90 20,700.00 Total cost to complete beginning work in process $ 55,410.00 Cost per Costs of units started and completed this period EUP Total cost EUP Direct materials $ 11.57 38,500 38,500 $ 445,445.00 265,650.00 Conversion 6.90 Total costs started and completed this period Total cost of work finished this period $ 711,095.00 $ 803,905.00 Costs of ending work in process EUP Cost per EUP Total cost Direct materials $ 11.57 $ 3,500 2,100 40,495.00 14,490.00 Conversion 6.90 Total cost of ending work in process 54,985.00 $ 858,890.00 Total costs accounted for