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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
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 4,000 Beginning work in process inventory 12,000 3,000 Direct materials Conversion $ 2,880 5,358 $ 8,238 197,120 123,680 111,312 $440, 350 $ 50,616 Status of ending work in process inventory Direct materials added Materials-Percent complete Conversion-Percent complete 100% Direct labor added 25% Overhead applied (90% of direct labor) Total costs to account for 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. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: Total costs to account for Total costs accounted for Difference due to rounding cost/unit nit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for
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