The following partially completed process cost summary describes the july production activities of ashad company. its production 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. equivalent units of productiondirect materialsconversion units transferred out43,000 43,000 units of ending work in process 4,700 2,820 equivalent units of production47,700 45,820 costs per eupdirect materialsconversion costs of beginning work in process$ 28,450 $3,270 costs incurred this period 667,970 271,650 total costs$696,420 $274,920 units in beginning work in process (all completed during july) 4,200 units started this period 43,500 units completed and transferred out 43,000 units in ending work in process 4,700prepare its process cost summary using the weighted-average method. (round "cost per eup" to 2 decimal places.)costs charged to production total costs to account for total costs accounted for *difference due to rounding cost/unit unit reconciliation units to account for total units to account for total units accounted for total units accounted for equivalent units of production (eup)- weighted average methodunits % materials eup—materials % conversion eup—conversionequivalent units of production cost per eup materials conversiontotal costs costs costs ÷ equivalent units of production eup eup cost per equivalent unit of production cost assignment and reconciliation costs transferred out eup cost per eup total cost direct materials conversion total transferred out costs of ending work in process eup cost per eup total cost direct materials conversion total ending work in process total costs accounted for