Exercise 20-17 Weighted Average: Process cost summary LO C3 Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May Units Beginning work in process inventory Started Ending work in process inventory Costs Beginning work in process inventory Direct materials Conversion 4,600 15,000 4,200 $3,480 6,978 $ 10,458 247,400 159,680 123,506 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 1008 Direct labor added 35% Overhead applied (778 of direct labor) $541,044 Total costs to account for $ 62,183 Ending work in process inventory Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use the weighted-average method. (Do not round intermediate calculations. Round "Cost per EUP" to 2 decimal places.) Total costs to account for: Costs of beginning work in process Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method EUP- % Materials Units EUP-Materials % Conversion Conversion Total units Materials Cost per equivalent unit of production Conversion Total costs Costs Costs EUP Equivalent units of production EUP Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process Total cost EUP Cost per EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for