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Elliott Company produces large quantities of a standardized product. The following information is available for the...

Elliott Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for March.

Units Costs
Beginning work in process inventory 4,000 Beginning work in process inventory
Started 40,000 Direct materials $ 5,080
Ending work in process inventory 8,000 Conversion 16,320
$ 21,400
Status of ending work in process inventory Direct materials added 272,120
Materials—Percent complete 100 % Direct labor added 253,160
Conversion—Percent complete 35 % Overhead applied (140% of direct labor) 354,424
Total costs to account for $ 901,104
Ending work in process inventory $ 95,424


Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.

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