10) 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 production (weighted-average method) Direct Materials Conversion Units transferred out 42,500 42,500 Units of ending work in process 4,600 2,760 Equivalent units of production 47,100 45,260 Costs per EUP Direct Materials Conversion Costs of beginning work in process $ 28,000 $ 3,225 Costs incurred this period 567,500 283,170 Total costs $ 595,500 $ 286,395 Units in beginning work in process (all completed during July) 4,100 Units started this period 43,000 Units completed and transferred out 42,500 Units in ending work in process 4,600 Prepare its process cost summary using the FIFO method. (Round “Cost per EUP” to 2 decimal places.)