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.) 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 Conversin Percent Complete 6,500 24,500 23,000 8,000 100% 30% $ 5,410 12,108 $ 17,518 420,870 519,902 940,562 $958,300 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. Unlis % 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 Conversion