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 Direct Conversion Equivalent Units of Production Materials Units transferred out Units of ending work in process Equivalent units of production 44,000 EUP 44,000 EUP 4,000 EUP2,400 EUP 48,000 EUP 46,400 EUP Direct Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Materials Conversion $ 40,35e $5,250 342,750 614,400 348,000 574,050 Units in beginning work in process (al1 completed during July) Units started this period Units completed and transferred out Units in ending work in process 3,500 44,500 44,000 4,000