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 Company. Its production output is sent to its warehouse for shipping. All direct materials are to added 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 70% complete with respect to conversion. Direct Direct Factory Equivalent units of production Materials Labor Overhead Units transferred out 127,000 127.000 127.000 Units of ending goods in process 12,000 8,400 8,400 Equivalent units of production 139,000 135.400 135.400 Direct Direct Factory Costs Materials Labor Overhead Costs of beginning goods in process 33,900 1,420 2,840 Costs incurred this period 869,600 120.440 240.880 Total costs $903,500 121,860 $243,720 Units in beginning goods in process all completed during July) 6,000 nits started this period 133,000 Units completed and transferred out 127,000 Units in ending goods in process 12,000 Prepare its process cost summary using the weighted-average method (Round "cost per EUp" to 2 decimal places.)