Business, 19.01.2021 18:50 captn64

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 Direct Materials Conversion
Units transferred out 32,000 EUP 32,000 EUP
Units of ending work in process 2,500 EUP 1,500 EUP
Equivalent units of production 34,500 EUP 33,500 EUP
Costs per EUP Direct Materials Conversion
Costs of beginning work in process $ 18,550 $ 2,280
Costs incurred this period 357,500 188,670
Total costs $ 376,050 $ 190,950
Units in beginning work in process (all completed during July) 2,000
Units started this period 32,500
Units completed and transferred out 32,000
Units in ending work in process 2,500

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