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. Equivalent Units of Production Units transferred out Units of ending work in process Direct Materials 38,500 3,800 Conversion 38,500 2,280 Equivalent units of production 42,300 40,780 Direct MaterialsConversion Costs per EUP Costs of beginning work in process Costs incurred this period $ 24,400 $2,865 217,347 521,270 Total costs $545,670 220,212 Units in beginning work in process (all completed during July) Units started this period Units completed and transferred out Units in ending work in process 3,300 39,000 38,500 3,800 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)