ULTUU CULTUrly. ILS PIUU Uutpul is sent to me next cepatu Alec products when processing begins. Beging work in process inventory is 20% complete with rer Direct Materials Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production 42,000 EUP 42,000 EUP 3,500 EUP2, 100 EUP 45, 500 EUP 44,100 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials Conversion $ 32,950 $ 4,260 531,250 308,850 $564,200 $313, 110 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 3,000 42,500 42,000 3,500 repare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal place Required information Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for 0.00 Total units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP) - FIFO method 10 of 17 Next > Required information Equivalent units of production (EUP) - FIFO method % Materials EUP. Materials % Conversion EUP Conversion Cost per EUP Materials Conversion Costs Costs EUP EUP 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 EUP Cost per EUP Total cost w $ NR. o m TUG LUL Required information EUP Cost per EUP Total cost Total cost 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 Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP 0.00 0.00 EUP Cost per EUP Total cost 0.00 0.00 50 of 17 Next > 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 Material: Conversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production 42,000 EUP 42,000 EUP 3,500 EUP 2,100 EUP 45,500 EUP 44,100 EUP Costa per EUP Coats of beginning work in process Costs incurred this period Total coats Direct Materials $32,950 531,250 $564,200 Conversion .260 SOB, 850 $313,1
