Exercise 20-16 Weighted average: Process cost summary LO C3 Elliott Company produces large quantities of a standardized product. The following information is available for its production activities for March. Costs Units Beginning work in process inventory Started Ending work in process inventory 3,000 Beginning work in process inventory $ 3,270 8,928 30,000 Direct materials Conversion 6,000 $ 12,198 229,380 188, 340 263,676 $693,594 $ 75,564 Status of ending work in process inventory Direct materials added Materials-Percent complete Conversion-Percent complete 100% Direct labor added 35% Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)