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 Conversion Percent Complete 5,300 18,500 18,200 5,600 100% 30% $ 4,154 8,868 $ 13,022 308,790 383,192 691,982 $ 705,004 OSLO COMPANY First Department Production Cost Report - Weighted Average Method For Month Ended May 31