EUP- Conversion Units % Materials EUP- Materials % Conversion nits completed and transferred out Units of ending work in process Equivalent units of production Cost per EUP Materials Conversion Cost of beginning work in process Costs incurred this period otal costs Costs Costs EUP EUP Equivalent units of production ost per equivalent unit of production 0 Cost Assignment and Reconciliation Cost per EUP Costs transferred out Total cost EUP Direct materials Conversion Total transferred out Cost per EUP Costs of ending work in process EUP Total cost Direct materials 0.00 Conversion 0.00 Check my work 1 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 trans ferred out 1s 38,500 EUP 38,500 EUP Units of ending work in process 3,000 EUP 1,800 EUP 41,500 EUP Equivalent units of production 40,300 EUP ook int Direct sk Materials Conversion Costs per EUP Costs of beginning work in process Costs incurred this period $ 25,350 3,200 254,720 rint 460,200 $ 257,920 ences Total costs $ 485,550 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 Exercise 3-12 Weighted average: Completing a process cost summary LO C3 1 of 1 Prev Next