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 41,000 EUP 41,000 EUP
Units of ending work in process 3,000 EUP 1,800 EUP
Equivalent units of production 44,000 EUP 42,800 EUP

Costs per EUP Direct Materials Conversion
Costs of beginning work in process $ 26,350 $ 3,450
Costs incurred this period 510,450 291,870
Total costs $ 536,800 $ 295,320

Units in beginning work in process (all completed during July) 2,500
Units started this period 41,500
Units completed and transferred out 41,000
Units in ending work in process 3,000

1. Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)
2. Prepare its process cost summary using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)