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Use the following information for the Exercises below. Skip to question [ The following information applies to the questions displayed below. ] The following partially
Use the following information for the Exercises below.
Skip to question
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 complete with respect to conversion.
Equivalent Units of Production Direct Materials Conversion
Units transferred out EUP EUP
Units of ending work in process EUP EUP
Equivalent units of production EUP EUP
Costs per EUP Direct Materials Conversion
Costs of beginning work in process $ $
Costs incurred this period
Total costs $ $
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
Exercise Weighted average: Completing a process cost summary LO C
Prepare its process cost summary using the weightedaverage method. Round "Cost per EUP" to decimal places.
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