Use the following information for the Exercises below. 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 MaterialConversion Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production 42,000 EUP 3,500 EUP 45,500 EUP 42,000 EUP 2,100 EUP 44,100 EUP Coats per EUP Costs of beginning work in proces Costs incurred this period Total costs Direct Materials $ 32,950 531,250 $ 564,200 Conversion $ 4,260 308,850 $313,110 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Unitsin ending work in process 3.000 42,500 42.000 3,500 Exercise 20-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production 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)-Weighted Average Method Units % Materials EUP. Materials Conversion EUP. Conversion quivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP- Materials % Conversion EUP-Conversion Equivalent units of production Cost per EUP Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out EUP Cost per Total cost EUP Direct materials Conversion Total transferred out Costs of ending work in process Cost per EUP Total cost Direct materials 0.00 Conversion Total ending work in process Total costs accounted for