Completing a process cost summary LO C3

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 goods in process inventory is 20% complete with respect to direct labor and overhead. Ending work in process inventory is 60% complete with respect to conversion.

4. value 2.00 points Exercise 20-15 Weighted average: Completing a process cost summary LO C3 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 goods in process inventory is 20% complete with respect to direct labor and overhead. Ending work in process inventory is 60% complete with respect to conversion Direct Direct Factory Equivalent units of production Units transferred out Materials Labor Overhead 126,000 126,000 126,000 Units of ending goods in process 13,000 7,800 7,800 Equivalent units of production 139,000 133,800 133,800 Costs Costs incurred this period Total costs Direct Direct Factory Materials Labor Overhead Costs of beginning goods in process S 36,700 $ 1,400 $ 2,800 825,100 152,470 304,940 $861,800 $153,870 $307,740 Units in beginning goods in process (all completed during July) Units started this period Units completed and transferred out Units in ending goods in process 7,000 132,000 126,000 13,000 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)