Exercise 20-17 (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 4,600 15, eee 15,400 4,200 100% 35% $ 3,518 6,978 $ 10,496 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 247,400 303,392 550,792 $ 561,288 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 Units EUP Equivalent Units of Production Cost per equivalent unit of production Direct aterials Conversion Total costs Costs Costs EUP EUP 0 - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out EUP Cost per EUP Total cost Direct materials Conversion EUP Total cost Ending work in process Direct materials Cost per EUP $ 0.00 Conversion $ 0.00 Total costs accounted for