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 33,000 EUP 33,000 EUP Units of ending work in process 3,500 EUP 2,100 EUP Equivalent units of production 36,500 EUP 35,100 EUP Costs per EUP Direct Materials Conversion Costs of beginning work in process $ 28,450 $ 3,180 Costs incurred this period 358,450 182,850 Total costs $ 386,900 $ 186,030 Units in beginning work in process (all completed during July) 3,000 Units started this period 33,500 Units completed and transferred out 33,000 Units in ending work in process 3,500

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

(Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Costs of beginning work in process Costs incurred this period Total costs to account for $0.00 Total costs accounted for *Difference due to rounding cost/unit $0.00 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 0 0 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 $0.00 Conversion $0.00 Total ending work in process Total costs accounted for

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 Total costs accounted for * Difference due to rounding cost/unit $0.00 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 Conversion Total costs Costs Costs Equivalent units of production EUP EUP Cost per EUP (rounded to 2 decimals) 0 0 Cost assignment and reconciliation Costs transferred out EUP Cost per EUP Total cost 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 EUP Cost per EUP Total cost Direct materials $0.00 Conversion $0.00 Total costs started and completed this period Total cost of work finished this period $0.00 Costs of ending work in process EUP Cost per EUP Total cost Direct materials $0.00 Conversion $0.00 Total cost of ending work in process Total costs accounted for