Question: Please help completing this process cost summary using the weighted-average method for Managerial Accounting. Thank you. Required information [The following information applies to the questions
Please help completing this process cost summary using the weighted-average method for Managerial Accounting. Thank you.


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Required information [The following information applies to the questions displayed below.] The following partially completed process cost summary describes the July production activities of the Molding department at Ashad Company. Its production output is sent to the next department. 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 Materials Conversion Units transferred out 40,000 EUP 40,000 EUP Units of ending work in process 4,500 EUP 2, 700 EUP Equivalent units of production 44 ,500 EUP 42,700 EUP Direct Costs per EUP Materials Conversion Costs of beginning work in process $ 43,950 S 5,360 Costs incurred this period 490, 050 280, 730 Total costs $ 534, 000 $ 286, 090 Units in beginning work in process (all completed during July) 4,000 Units started this period 40, 500 Units completed and transferred out 40,000 Units in ending work in process 4,500Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Costs Charged to Production Total costs to account for 0.00 Total costs accounted for `Difference due to rounding cost/unit $ 0.00 Unit Reconciliation Units to account for Total units to account for Total units accounted for Total units accounted forEquivalent Units of Production (EUP)- Weighted Average Method Units Materials EUP- Materials Conversion EUP- Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs Costs + Equivalent units of production EUP EUP Cost per equivalent unit of production 0 0 Cost Assignment and Reconciliation Costs transferred out EUP Cost per EUP Total cost Direct materials Conversion Total transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials 0.00 Conversion $ 0.00 Total ending work in process Total costs accounted for
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