Exercise 3-12 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 Direct Equivalent Units of Production Units transferred out Materials Conversion 40,500 4,200 40,500 2,520 Units of ending work in process Equivalent units of production 44,700 43,020 Direct Materials Conversion Costs per EUP Costs of beginning work in process Costs incurred this period $ 26,200 $3,045 224,961 644,300 Total costs $ 670,500 228,006 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out40,500 Units in ending work in process 3,700 41,000 4,200 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)