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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.

Required information [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 Conversion Equivalent Units of Production Units transferred out Materials 38,500 EUP 1,800 EUP 38,500 EUP 3,000 EUP Units of ending work in process 41,500 EUP 40,300 EUP Equivalent units of production Direct Materials Conversion Costs per EUP Costs of beginning work in process $25,350 $ 3,200 460,200 254,720 Costs incurred this period $ 485,550 $ 257,920 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 2,500 39,000 38,500 3,000 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 EUP- Conversion Units % Materials EUP- Materials % Conversion 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 Reconci liation Cost per equivalent unit of production Cost Assignment and Reconciliation Cost per Total cost Costs transferred out EUP EUP Direct materials Conversion Total transferred out Cost per Costs of ending work in process Total cost EUP EUP Direct materials Conversion Total ending work in process Total costs accounted for

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