Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May.

Units			Costs
Beginning work in process inventory	4,000		Beginning work in process inventory
Started	12,000		Direct materials	$	2,880
Ending work in process inventory	3,000		Conversion		5,358
							$	8,238
Status of ending work in process inventory			Direct materials added					197,120
MaterialsPercent complete	100	%	Direct labor added					123,680
ConversionPercent complete	25	%	Overhead applied (90% of direct labor)					111,312
			Total costs to account for				$	440,350
			Ending work in process inventory				$	50,610

Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

Total costs to account for: $ 0 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: $ 0 Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP- Materials % Conversion EUP-Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP EUP - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) 0 0 Total costs accounted for: Cost of units transferred out: EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out EUP Total cost Costs of ending work in process Direct materials Cost per EUP $ 0.00 $ 0 Conversion $ 0.00 0 Total cost of ending work in process Total costs accounted for