Exercise 16-12 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 work in process inventory is 20% complete with respect to conversion. Direct Materials Conversion Equivalent Units of Production Units transferred out Units of ending work in process 32,50032,500 1,560 2,600 Equivalent units of production 35,100 34,060 Direct Materials Conversion Costs per EUP Costs of beginning work in process Costs incurred this period $19,000 2,325 402.200 181,599 Total costs $ 421,200 183,924 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 2,100 33,000 32,500 2,600