8.

Exercise 20-17 (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.)

	Units	Direct Materials	Conversion
		Percent Complete	Percent Complete
Beginning work in process inventory	5,700
Units started this period	20,500
Completed and transferred out	19,800
Ending work in process inventory	6,400	100%	30%

Beginning work in process inventory
Direct materials	$ 4,584
Conversion	9,948	$ 14,532
Costs added this period
Direct materials	345,190
Conversion	428,792	773,982
Total costs to account for		$ 788,514