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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
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. Note: 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 6,200 23,000 21,800 7,400 $5,058 11,298 392,040 485,792 Direct Materials Percent Complete 100% $16,356 877,832 $894,188. Conversion Percent Complete 35%
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