Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May.

Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use the weighted-average method.

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Units Beginning work in process inventory Started.. Ending work in process inventory 4,000 12,000 3,000 Status of ending work in process inventory 100% 25% Materials Percent complete Costs Beginning work in process inventory Direct materials $2,880 Conversion Direct materials added Direct labor added Overhead applied (90% of direct labor) Total costs to account for 5,358 $ 8,238 197,120 123,680 111,312 $440,350 $50,610 Ending work in process inventory... ..