Question: Prepare a cost summary report for this process using the weighted-average method. (Round cost per EUP to 2 decimal places). Units Beginning work in process

Prepare a cost summary report for this process using the weighted-average method. (Round cost per EUP to 2 decimal places).

Prepare a cost summary report for this process using the weighted-average method.

Units Beginning work in process inventory Started Ending work in process inventory $ 6,320 13,728 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 4,eee Beginning work in process inventory 40, eee Direct materials 8,000 Conversion Direct materials added 100% Direct labor added 30% Overhead applied (140% of direct labor) Total costs to account for Ending work in process inventory $ 29,048 313,12e 249,040 336,056 $9e9.264 $ 94,944 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: Costs of beginning work in process S 20,048 Costs incurred this period 889,216 Total costs to account for S 909,264 Total costs accounted for Difference due to rounding cost'unit S 0 Unit Reconciliation: Units to account for: Beginning work in process inventory 4,000 Units started this period 40,000 Total units to account for 44,000 Total units accounted for: Units completed and transferred out Ending work in process Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units Units completed and transferred out Ending work in process Total units Cost per Equivalent Unit of Production Cost of beginning work in process Costs incurred this period Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total Costs Accounted for: Cost of units transferred out: EUP Direct materials Conversion EUP. Materials % Materials 100% 100% 96 Conversion EUP-Conversion 100% 30% Materials Conversion Costs EUP Costs EUP 0 Cost per EUP Total cost Total cost Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP 8,000 $ 0.00 S 0.00

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