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 Ashad Company. Its production output is sent to its warehouse for shipping. 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 40,500 EUP 40,500 EUP 2,500 EUP1,500 EUP 43,000 EUP 42,000 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 20,100 500, 200 $ 520,300 Conversion $ 2,720 282,880 $285,600 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred uut Units in ending work in process 2,000 41,000 40,500 2,500 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 $ 0.00 Total costs to account for Total costs accounted for "Difference due to rounding costunit 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 conversion Conversion Equivalent units of production Cost per EUP Materials Conversion Costs Costs EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Cost per EUP Total cost EUP Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process EUP Cost per EUP Total cost $ 0.00 Direct materials Conversion $ 0.00 Total ending work in process Total costs accounted for