The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. 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		39,000	EUP		39,000	EUP
Units of ending work in process		3,500	EUP		2,100	EUP
Equivalent units of production		42,500	EUP		41,100	EUP

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

Units in beginning work in process (all completed during July)

3,000

Units started this period

39,500

Units completed and transferred out

39,000

Units in ending work in process

3,500

Prepare its process cost summary using the weighted-average method.

Costs Charged to Production
Total costs to account for
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)- Weighted Average Method
	Units	% Materials	EUP- Materials	% Conversion	EUP- Conversion
Equivalent units of production
Cost per EUP			Materials		Conversion
Total costs		Costs		Costs
Equivalent units of production		EUP		EUP
Cost per equivalent unit of production
Cost Assignment and Reconciliation
Costs transferred out	EUP	Cost per EUP	Total cost
Direct materials
Conversion
Total transferred out
Costs of ending work in process	EUP	Cost per EUP	Total cost
Direct materials
Conversion
Total ending work in process
Total costs accounted for