Exercise 20-16 Weighted average: Process cost summary LO C3 Elliott Company produces farge quantities of a standardized product. The following information is available for the first process in its production activities for Match. Coat 2,000 tonning in Entry 20.000 Direct material 6,000 Cover 340 Units eine work in conventory Start ding work in procesy State of ons work in proces Inventory ters-Percepts Converse cat complete $ 11,00 Dinarded 1001 Dilator 405 Debat prind of direct Tabor Total costat Ending work in promontor 151234 SE OD Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places) Metal Costs to Account for Tot costs to account for Totalcouscounted for Direct rounding count Unit Reconciliation Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Total Costs to Account for Total costs to account for Total costs accounted for Difference due to rounding costunit Unit Reconciliation: Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP) Weighted Average Method Units Materials EUP. Materials Conversion EUP.Conversion Total units Cost per Equivalent Unit of Production Materials Conversion Costs EUP Costs EUP Cost per EUP Total cost Total costa -Equivalent units of production Con por equivalent unit of production (rounded to 2 decimals) Total Cost Accounted for Cost of units transferred out EUP Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP Total cost