7 Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May 0.5 points $ 2,880 5,358 Skipped Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 4,000 Beginning work in process inventory 12,000 Direct materials 3,000 Conversion Direct materials added 1008 Direct labor added 258 Overhead applied (90% of direct labor) Total costs to account for Ending work in process inventory $ 8,238 197, 120 123,680 111,312 $440,350 $ 50,610 eBook Hint Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.) Print Total costs to account for: r References S 0 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: $ 0 Total units to account for Total units accounted for: : Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion EUP-Conversion Total units Cost per equivalent unit of production Materials Conversion Costs Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs EUP EUP 0 0 EUP Cost per EUP Total cost Total costs accounted for: Cost of units transferred out: Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Total cost Cost per EUP $ 0.00 Direct materials $ O Conversion 0.00 0 Total cost of ending work in process Total costs accounted for