saved Exercise 16-16 Weighted average: Process cost summary LO C3 Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March. Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 2,000 Beginning work in process Inventory 20,000 4,000 Direct materials Conversion Direct materials added 100% Direct labor added 20% Overhead applied (140% of direct labor) Total costs to account for Ending work in process Inventory $3,000 7,248 $ 11,100 141,120 136,100 190,540 $478,368 $40,568 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 Total costs to account for $ Total costs accounted for Total units to account for Total units accounted for Total units accounted for Elivalent Units of Production (EUP). Weighted Average Method Total units Cost per Equivalent Unit of Production Units %Material EUP Materials % Conversion EUP.Conversion Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Tutal Coss Accounted for Cost of units transferred out Direct materials Conversion Total custs transferted out Costs of ending work in process Desct materials Conversion Total cost of anding work in process Total costs account for Materials Costs Costs EUP EUP 0 EUP Cost per EUP Total cost EUP Cost per EUP Total cost 0.00 $ 0.00 Conversion