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The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. 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 $41,000$ EUP $41,000$ EUP

Units of ending work in process $3,000$ EUP $1,800$ EUP

Equivalent units of production $44,000$ EUP $42,800$ EUP

Costs per EUP Direct Materials Conversion

Costs of beginning work in process $ $26,350$ $ $3,450$

Costs incurred this period $510,450291,870$

Total costs $ $536,800$ $ $295,320$

Units in beginning work in process $($all completed during July$)2,500$

Units started this period $41,500$

Units completed and transferred out $41,000$

Units in ending work in process $3,000$

Exercise $16-12$ Weighted average: Completing a process cost summary LO C$3$

Prepare its process cost summary using the weighted$-$average method. $($Round "Cost per EUP" to $2$ decimal places.$)$

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