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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

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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 Daginning work in process inventory Started inding work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costa 4,000 Beginning work in process inventory 12.000 Direct materiala 3.000 Conversion Lreet materiale added 1006 Lot labor added 254 Overhead applied (909 of direct labor) Total cost to account for Ending work in process inventory $ 2,880 5 8.238 197.120 123.680 111,112 $440,350 550,610 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 Cast per equivalent unit of production Materials Conversion Costs EUP Costs EUP 0 Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Cost of units transferred out: EUP Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Total cost Cost per EUP $ 0.00 $ $ 0.00 0 0

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