Exercise 20-12 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. Ending work in process inventory is 60% complete with respect to conversion.

Equivalent Units of Production	Direct Materials		Conversion
Units transferred out	32,000		32,000
Units of ending work in process	2,500		1,500
Equivalent units of production	34,500		33,500

Costs per EUP	Direct Materials		Conversion
Costs of beginning work in process	$	18,550	$	2,280
Costs incurred this period		357,500		188,670
Total costs	$	376,050	$	190,950

Units in beginning work in process (all completed during July)	2,000
Units started this period	32,500
Units completed and transferred out	32,000
Units in ending work in process	2,500

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

Table outline for answer:

https://gyazo.com/58e036ecc86c96a562b398b8c11bbbe2

AND

https://gyazo.com/e2ca577039643f3740667b62f1453df2