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Company produces large quantities of a standardized product. The following information is available for the first uction department for May. Prepare a production cost
Company produces large quantities of a standardized product. The following information is available for the first uction department for May. Prepare a production cost report for this process using the weighted average method. : Round "Cost per EUP" to 2 decimal places. nces ginning work in process inventory its started this period mpleted and transferred out ling work in process inventory ginning work in process inventory Direct materials Conversion its added this period Direct materials Conversion al costs to account for reconciliation: s to account for: otal units to account for s accounted for: Units Direct Materials Percent Complete Conversion Percent Complete 4,400 14,000 14,600 3,800 100% 25% $ 3,303 6,438 $ 9,741 230,400 280,592 510,992 $ 520,733 OSLO COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended May 31 I units accounted for ivalent units of production (EUP) - weighted average method valent Units of Production per equivalent unit of production I costs uivalent units of production per equivalent unit of production (rounded to 2 decimals) t Assignment pleted and transferred out irect materials onversion ng work in process irect materials onversion 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 $ 0.00 $ 0.00 Costs EUP 0 Conversio
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