value 3.75 points Problem 16-3A Welghted Average: Process cost summary, equlvalent units LO C2, C3, P4 Fast Co. produces its product through a single processing department. Direct materials are added at the start of production, and conversion costs are added evenly throughout the process. The company uses monthly reporting periods for its weighted-average process costing system. The Work in Process Inventory account has a balance of $108,300 as of October 1, which consisted of $24,300 of direct materials and $84,000 of conversion costs. During the month the company incurred the following costs Direct materials Conversion $216,400 1,102,400 During October, the company started 164,000 units and transferred 174,000 units to finished goods. At the end of the month, the work in process inventory consisted of 29,600 units that were 80% complete with respect to conversion costs. Required: Prepare the companys process cost summary for October using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) 1