Exercise 20-12 Weighted average: Completing a process cost summary LOC3 he following partially completed process cost summary describes the July production activities of Ashad mpany. Its production output is sent to its warehouse for shipping, All direct materials are added to oducts when processing begins. Beginning work in process inventory is 20% complete with respect to nversion. Ending workin process inventory is 60% complete with respect to conversion Equivalent Units of Production Direct Materials Conversion 43 500 43,500 Units transferred out Units of ending work in process 4800 2880 48,30 Equivalent units of production 46.38 Costs per Conversion Direct Materials UP Costs beginning 3315