! 3 Required information 10 points 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 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. X 01:54:00 eBook Equivalent Units of Production Units transferred out Units of ending work in process Equivalent units of production Direct Materials Conversion 39,500 EUP 39,500 EUP 4,000 EUP 2,400 EUP 43,500 EUP 41,900 EUP Ask Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 37,650 480,000 $517,650 Conversion $ 4,620 271,920 $276,540 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 3,500 40,000 39,500 4,000 Exercise 16-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Required information 3 Costs Charged to Production 10 points X 01:53:47 Total costs to account for Total costs accounted for * Difference due to rounding cost/unit Unit Reconciliation Units to account for eBook Total units to account for Total units accounted for Ask Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials % Conversion EUP- Conversion Equivalent units of production Cost per EUP Materials Conversion Costs Costs EUP EUP Total costs + Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out EUP Cost per EUP Total cost M Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials 10 EUP-Materials % Conversion EUP-Conversion points X 01:53:36 Equivalent units of production Cost per EUP Materials Conversion eBook Total costs Costs Costs EUP EUP Ask - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation EUP Cost per EUP Total cost Costs transferred out Direct materials Conversion Total transferred out EUP Cost per EUP Total cost Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for