The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning goods in process inventory is 20% complete with respect to direct labor and overhead.

Prepare its process cost summary using the weighted- averagemethod.

Direct Factory Materials Labor Overhead Direct Equivalent Units of Production 32,000 32,000 32,000 2,500 0 .500 Equivalent units of production. .34,500 33,50033.500 Units of ending goods in process . Direct Materials Direct Factory Labor Overhead Costs per EUP Costs of beginning goods in process.. 18,550760 1,520 Costs incurred this period Total costs... . *....$376,050 $63650 $127.300 Units in beginning goods in process (all completed during July) 2,000 357,500 62.890 125,780 Units in ending goods in process 2,500