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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

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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 Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 44,000 EUP 44,000 EUP 4,200 EUP 2,400 EUP 48,000 EUP46,400 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials 40,350 574,050 $ 614,400 Conversion $5,250 342,750 $348,000 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 44,500 44,000 4,000 Prepare its process cost summary using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for Difference due to rounding costunit Unit Reconciliation Units to account for s 0.00 Total units to account for Total units accounted for Required information 20 TOTO TURVIVI Equivalent units of production Cost per EUP Materials Conversion Costs Costs EUP EUP 0 EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Total cost Cost per EUP S 0.00 $ 0.00

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