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5 1 points eBook Exercise 16-17 (Algo) Weighted average: Production cost report LO P2 Oslo Company produces large quantities of a standardized product. The
5 1 points eBook Exercise 16-17 (Algo) Weighted average: Production cost report LO P2 Oslo Company produces large quantities of a standardized product. The following information is available for the first 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.) Hint Print References Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Units Direct Materials Percent Complete Conversion Percent Complete 6,400 24,000 22,600 7,800 100% 25% $ 5,310 11,838 $ 17,148 411,200 508,592 919,792 $ 936,940 Unit reconciliation: Units to account for: Total units to account for Units accounted for: OSLO COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended May 31 Total units accounted for Equivalent units of production (EUP) - weighted average method Equivalent Units of Production Cost per equivalent unit of production Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Direct Materials Conversion Units % Complete EUP % Complete EUP Costs EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost S 0.00 S 0.00 Conversion Costs EUP 0
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