Prepare a process cost summary using the FIFO method. (Round cost per equivalent unit calculations to two decimal places.)

Direct Materials conversio Equivalent Units of Production Units transferred out. 32,000 EUP 32000 EUR Units of ending work in process 2,500 EUP .500 EUP Equivalent units of production 34,500 EUP 33500 EUP Direct Materials Conversion Costs per EUP costs of beginning work process 18,550 in 2280 Costs incurred 357,500 this period 188,670 Total costs $376,050 $190950 Units in beginning work in process (al completed during July) 2000 32,500 Units started this period 32,000 Units completed and transferred out 2.500 Units in ending work in process