10 Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. 0.58 points Units Beginning work in process inventory 6,500 Started 24,500 Ending work in process inventory 8,000 Costs Beginning work in process inventory Direct materials Conversion eBook $ 5,410 12,108 $ 17,518 420,870 Hint Direct materials added Status of ending work in process inventory Materials,Percent complete Conversion-Percent complete 273,680 246,312 Print 100% Direct labor added 30% Overhead applied (90% of direct labor) Total costs to account for Ending work in process inventory $958,380 $101,975 References Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) & Answer is not complete. $ 17,518 940,862 958,380 $ $ 0 Total costs to account for: Costs of beginning work in process Costs incurred this period Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Beginning work in process inventory Units started this period Total units to account for Total units accounted for: Units completed and transferred out Ending work in process Total units accounted for 6,500 24,500 31,000 23,000 8,000 31,000 Equivalent units of production (EUP)- weighted average method Units % Materials EUP- Materials 23,000 EUP- Conversion 23,000 Conversion 100% 30% 100% 100% 2,400 25,400 $ Units completed and transferred out 23,000 Ending work in process 8,000 Total units 31,000 Cost per equivalent unit of production Cost of beginning work in process Costs incurred this period Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: 8,000 31,000 Materials 5,410 20,150 X 25,560 31,000 0.82 Conversion 12,108 12,108 x 24,216 2,400 x 10.09 $ $ Costs EUP Costs EUP Cost of units transferred out: EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out 23,000 23,000 Costs of ending work in process EUP Total cost Cost per EUP 0.00 $ 0.00 Direct materials Conversion Total cost of ending work in process ] Total costs accounted for