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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.

Equivalent Units of Production	Direct Materials		Conversion
Units transferred out	38,000		38,000
Units of ending work in process	3,700		2,220
Equivalent units of production	41,700		40,220

Costs per EUP	Direct Materials		Conversion
Costs of beginning work in process	$	23,950	$	2,820
Costs incurred this period		501,470		238,500
Total costs	$	525,420	$	241,320

Units in beginning work in process (all completed during July)	3,200
Units started this period	38,500
Units completed and transferred out	38,000
Units in ending work in process	3,700

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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