Exercise 16-17 (Algo) Weighted Average: Process cost summary 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	4,400
Units started this period	14,000
Completed and transferred out	14,600
Ending work in process inventory	3,800	100%	25%

Beginning work in process inventory
Direct materials	$ 3,303
Conversion	6,438	$ 9,741
Costs added this period
Direct materials	230,400
Conversion	280,592	510,992
Total costs to account for		$ 520,733