Required information (The following information applies to the questions displayed below.) 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. Direct Materials Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production 34,000 EUP 34,000 EUP 4,500 EUP 2,700 EUP 38,500 EUP 36,700 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 39,750 376,050 $ 415,800 Conversion $ 4,400 197,450 $ 201,850 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 4,000 34,500 34,000 4,500 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 Total costs accounted for * Difference due to rounding cost/unit $ 44,150.00 573,500.00 $ 617,650.00 $ 0.00 UNCILIULUULLUTULIU CUJUUL Unit reconciliation Units to account for Beginning work in process Units started this period 4,000 34,500 38,500 Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for Equivalent units of production (EUP) - FIFO method Units EUP- Materials EUP- Conversion Units of beginning work in process Units started and completed % Materials 100% 100% % Conversion 100% 60% Total Cost per EUP Materials Conversion Costs Costs EUP EUP 0 EUP Cost per EUP Total cost Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) Cost assignment and reconciliation Costs transferred out 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 Direct materials Conversion Total costs started and completed this period Total cost of work finished this period EUP Total cost Cost per EUP $ 0.00 $ 0.00 0.00 Costs of ending work in process EUP Cost per EUP Total cost Direct materials $ $ 0.00 0.00 Conversion Total cost of ending work in process Total costs accounted for