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