Question

how do I calculate?

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 Units of ending work in process Equivalent units of production Direct Materials Conversion 33,500 EUP 33,500 EUP 4,000 EUP 2,400 EUP 37,500 EUP 35,900 EUP Costs per EUP Costs of beginning work in process Costs incurred this period Total costs Direct Materials $ 34,050 367,200 $ 401,250 Conversion $ 3,780 190,080 $ 193,860 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 3,500 34,000 33,500 4,000 Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Answer 1

Costs charged to production
Costs of beginning work in process	37830
Costs incurred this period	557280
Total costs to account for	595110
Total costs accounted for	595110
Difference due to rounding cost/unit	0
Unit reconciliation:
Units to account for:
Beginning work in process inventory	3500
Units started this period	34000
Total units to account for	37500
Total units accounted for:
Units completed and transferred out	33500
Ending work in process	4000
Total units accounted for	37500
Equivalent units of production (EUP)- weighted average method
	Units	%Materials	EUP-Materials	%Conversion	EUP-Conversion
Units completed and transferred out	33500	100%	33500	100%	33500
Ending work in process	4000	100%	4000	60%	2400
Total units	37500		37500		35900
Cost per EUP			Materials		Conversion
Cost of beginning work in process			34050		3780
Costs incurred this period			367200		190080
Total costs		Costs	401250	Costs	193860
÷ Equivalent units of production		EUP	37500	EUP	35900
Cost per equivalent unit of production			10.70		5.40
Cost assignment and reconciliation:
Cost of units transferred out	EUP	Cost per EUP	Total cost
Direct materials	33500	10.70	358450
Conversion	33500	5.40	180900
Total cost transferred out				539350
	EUP	Cost per EUP	Total cost
Cost of ending work in Process
Direct materials	4000	10.70	42800
Conversion	2400	5.40	12960
Total Cost of ending work in Process				55760
Total cost accounted for				595110