Exercise 3-17 (Algo) Weighted average: Production cost report LO P2 Oslo Company produces large quantities of...

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Exercise 3-17 (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 bepartment 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 investory its started this perind Completed and transferred out inding work in process inventory eginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Direct Materials Conversion Percent Complete Percent Complete 23, 7,100 A $ 36,826 401,500 OSLO COMPANY-st Department Production Cost Report-Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for Beginning work in process Unis started this period Total unite to account for Units accounted for Completed and transiered out Ending work in process Total units accounted for Equivalent units of production (EUP weighted average method 6300 23.500 29.000 22.200 7000 29400 Direct Materiale Conversion % Complete EUP Completa EUP Completed and anafamad 22.200 22.200 100% 22.200 Ending work in process 7.600 1005 quivalent Uns of Production 29 800 7.600 2900 40% 3.040 25.240 Coet per equivalent unit of production Direct Matartale Conversion Costs of beginning work in process $ 5.200 S Coste added this period 401,590 47,192 Total c Equivalent unis of production Cost per equivalent unt of production rounded to 2 decimals Cost Assignment Completed and transferred out Costs CUP $ 400.848 Costs EUP 506.760 EUP Cost per EUP To co Died materials Conversion Ending work in process D Conversion Tots accounted for EUP Cost per EUP Total cost $ 0.00 $ 0.00 Exercise 3-17 (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 bepartment 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 investory its started this perind Completed and transferred out inding work in process inventory eginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Direct Materials Conversion Percent Complete Percent Complete 23, 7,100 A $ 36,826 401,500 OSLO COMPANY-st Department Production Cost Report-Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for Beginning work in process Unis started this period Total unite to account for Units accounted for Completed and transiered out Ending work in process Total units accounted for Equivalent units of production (EUP weighted average method 6300 23.500 29.000 22.200 7000 29400 Direct Materiale Conversion % Complete EUP Completa EUP Completed and anafamad 22.200 22.200 100% 22.200 Ending work in process 7.600 1005 quivalent Uns of Production 29 800 7.600 2900 40% 3.040 25.240 Coet per equivalent unit of production Direct Matartale Conversion Costs of beginning work in process $ 5.200 S Coste added this period 401,590 47,192 Total c Equivalent unis of production Cost per equivalent unt of production rounded to 2 decimals Cost Assignment Completed and transferred out Costs CUP $ 400.848 Costs EUP 506.760 EUP Cost per EUP To co Died materials Conversion Ending work in process D Conversion Tots accounted for EUP Cost per EUP Total cost $ 0.00 $ 0.00