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Oslo Company produces large quantities of a standardized product. The following information is available for the rst production department for May. Prepare a production cost report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 4,000 Units started this period 12,000 Completed and transferred out 13,000 Ending work in process inventory 3,000 100% 25% Beginning work in process inventory Direct materials $ 2,880 Conversion 5.358 $ 8,238 Costs added this period Direct materials 197,120 Conversion 234,992 432,112 Total costs to account for $ 440,350 Units to account for: Total units to account for Units accounted for: Total units accounted for Total units Total costs + Equivalent units of production Completed and transferred out Cost per equivalent unit of production (rounded to 2 decimals) Direct materials Conversion Total costs of completed and transferred out Total cost EUP Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Total cost Required information [T he following information applies to the questions displayed below] Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the rst process follows. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 60.000 100% 80% Units started this period 820,000 Units completed and transferred out 700,000 Ending work in process inventory 180,000 100% 30% Beginning work in process inventory Direct materials $ 420.000 Conversion 139.000 $ 559.000 Costs added this period Direct materials 2,220,000 Conversion 3,254,000 5,474,000 Total costs to account for $ 6.033.000 3. Assign costs to the department's outputspecically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) 180.000 $ 3.00 $ 4,000 $ 4.50 __ 558000 $ 5,808,000 Completed and transferred out Direct materials IH 0 Conversion Total completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for