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14) Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May. Units Costs Beginning work

14)

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

Units Costs
Beginning work in process inventory 6,100 Beginning work in process inventory
Started 22,500 Direct materials $ 4,980
Ending work in process inventory 7,200 Conversion 11,028
$ 16,008
Status of ending work in process inventory Direct materials added 382,550
MaterialsPercent complete 100 % Direct labor added 249,680
ConversionPercent complete 30 % Overhead applied (64.96% of direct labor) 162,194
Total costs to account for $ 810,432
Ending work in process inventory $ 93,144

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.(Do not round intermediate calculations. Round "Cost per EUP" to 2 decimal places.)

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