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.) Direct Materials Percent Complete Conversion Percent Complete Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 5,000 17,000 17.00e 5,000 100% 35% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 3,00 8.958 $ 11,888 282,120 348,992 631,112 $ 643,000 OSLO COMPANY First Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) weighted average method Direct Materials Complete EUP Conversion Complete EUR Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP) weighted average method Direct Materials % Complete EUP Units Conversion % Complete EUP Equivalent Units of Production Cost per equivalent unit of production Direct Materials Conversion kes Costs EUP Costs EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Okect materials Conversion EUP Cost per EUP Total cost EUP Cost per EUP Total cost Ending work in process Direct materials Conversion Total costs accounted for