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. Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 38,500 EUP 38,500 EUP 3,000 EUP 1,800 EUP 41,500 EUP 40,300 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 25, 350 460,200 $ 485,550 Conversion $ 3,200 254,720 $ 257,920 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 2,500 39,000 38,500 3,000 Exercise 20-13A 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.) Answer is not complete. $ 28,550.00 714,920.00 $ 743,470.00 $ 0.00 Costs Charged to Production Cost of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for * Difference due to rounding cost/unit Unit reconciliation Units to account for Beginning work in process Units started this period Total units to account for Total units accounted for Completed and transferred out Ending work in process Total units accounted for 2,500 39,000 41,500 38,500 3,000 41,500 Equivalent units of production (EUP) - FIFO method Units % Materials 100% EUP- Materials % Conversion EUP- Conversion 38,500 3,000 Units of beginning work in process Units started and completed Units of ending work in process Equivalent units of production Cost per EUP Materials Conversion Costs Costs Total costs + Equivalent units of production Cost per EUP (rounded to 2 decimals) EUP EUP 0 0 EUP Cost per EUP 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 Cost per EUP Total cost EUP $ 0.00 $ 0.00 Direct materials Conversion Total costs started and completed this period Total cost of work finished this period Costs of ending work in process $ 0.00 Cost per EUP Total cost EUP $ 0.00 0.00 $ Direct materials Conversion Total cost of ending work in process Total costs accounted for