Use the following information for the Exercises below.

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[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.

Equivalent Units of Production	Direct Materials			Conversion
Units transferred out		35,500	EUP		35,500	EUP
Units of ending work in process		3,000	EUP		1,800	EUP
Equivalent units of production		38,500	EUP		37,300	EUP

Costs per EUP	Direct Materials				Conversion
Costs of beginning work in process		$	24,150			$	2,900
Costs incurred this period			403,200				213,440
Total costs		$	427,350			$	216,340

Units in beginning work in process (all completed during July)	2,500
Units started this period	36,000
Units completed and transferred out	35,500
Units in ending work in process	3,000

Exercise 03-13A FIFO: Completing a process cost summary LO C3 C4

Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)