Required information Use the following information for the Exercises below. [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. Equivalent Units of Production Units transferred out Direct Materials Conversion 43,000 EUP 43,000 EUP Units of ending work in process 3,000 EUP 1,800 EUP Equivalent units of production Costs per EUP 46,000 EUP 44,800 EUP Direct Materials Costs of beginning work in process Costs incurred this period $ 27,150 552,450 Total costs $579,600 Conversion $ 3,650 323,390 $327,040 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 2,500 43,500 43,000 3,000 Exercise 16-12 Weighted average: Completing a process cost summary LO C3 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)