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ow/connect.htmPreturnUrt» https%3A%2F%2Fconnect.mheducator.com%2Fpaamweb%2Findex.html% Saved The following partially completed process cost summary describes the July production activities of Ashad Company It output is sent to its warehouse for shipping. All direct materials are added to products when processing begins Beginning work in process inventory is 20% complete with respect to conversion. Direct Convers Materia Units transferred out Units of ending work in process Equivalent units of production 42, 500 ELIP 42,500 EUP 2.500 EUP 1,500 EUP 45,000 EUP 44,000 EUP Dire Costs of beginning work in process Costs incurred this perlod 20,700 2,880 541,800 313,920 562,50 316,800 Total costs 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 2,000 43,000 42,500 2,500 Prepare its process cost summary using the FIFO method. (Round \"Cost per EUPh to 2 decimal places. 0.00 Total costs to account for Total costs accounted for 0.00 Units to account for Total units to account for Total unlts accounted for ?Prax

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UNITS TO ACCOUNT FOR: Beginning Work in Process units 2,000 Add: Units Started in Process 43,000 Total Units to account for: 45,000 UNITS TO BE ACCOUNTED FOR: Units completed from Beginning WIP 2000 Units started and completed 40,500 Ending Work in Process 2,500 Total Units to be accounted for: 45,000 Equivalent Units: Physical Units Material Cost Conversion % Completion Units % Completion Units Units completed from Beg. WIP 2000 0% 0 80% 1,600 Units started and completed 40500 100% 40,500 100% 40,500 Ending Work in Process 2500 100% 2,500 60% 1,500 Total Equivalent units 43,000 43,600 COST PER EQUIVALENT UNIT: Material Conversion Total cost added during the year 541,800 313,920 Equivalent Units 43,000 43,600 Cost per Equivalent unit 12.6 7.2 TOTAL COST ACCOUNTED FOR: Units Completed from Beginning WIP (2000 units) Equivalent unit Cost per EU Total Cost Beginning Cost 23580 Material 0 12.6 0 Conversion Cost 1,600 7.2 11520 Cost of units completed from Beg WIP 35100 Units started and Transferred out (40500 units) Equivalent unit Cost per EU Total Cost Material 40,500 12.6 510300 Conversion Cost 40,500 7.2 291600 Total Cost of Units completed and transferred out: 801900 Ending Work in process (2500 units) Equivalent unit Cost per EU Total Cost Material 2,500 12.6 31500 Conversison Cost 1,500 7.2 10800 Total cost of Ending Work in process: 42,300