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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. Ending work in process inventory is 60% complete with respect to conversion. Equivalent Units of Production Direct Materials Conversion Units transferred out 42,000 42,000 Units of ending work in process 4,500 2,700 Equivalent units of production 46,500 44,700 Costs per EUP Direct Materials Conversion Costs of beginning work in process $ 27,550 $ 3,180 Costs incurred this period 604,850 265,020 Total costs $ 632,400 $ 268,200 Units in beginning work in process (all completed during July) 4,000 Units started this period 42,500 Units completed and transferred out 42,000 Units in ending work in process 4,500 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 > > > > Total units to account for Total units accounted for > > > > Total units accounted for Equivalent Units of Production (EUP)- Weighted Average Method Units % Materials EUPMaterials % Conversion EUPConversion > > > > > > > > > > > > Equivalent units of production Cost per EUP Materials Conversion > > > > > > > > > > > > Total costs Costs Costs Equivalent units of production EUP > EUP > Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out EUP Cost per EUP Total cost Direct materials > > Conversion > > Total transferred out > > Costs of ending work in process EUP Cost per EUP Total cost Direct materials > Conversion > Total ending work in process Total costs accounted for

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