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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 Costs Beginning work in
Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May Units Costs Beginning work in process inventory 5,500 Beginning work in process inventory 19,500 6,000 Direct materials 4,380 9,408 Started Ending work in process inventory Conversion 13,788 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 326,870 213,680 154,622 100% Direct labor added 40% Overhead applied (72% of direct labor) $708,960 Total costs to account for S 81,481 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. (Do not round Intermediate calculations. Round "Cost per EUP" to 2 declmal places.) Total costs to account for: Total costs to account for: $ 0 Total costs accounted for Difference due to rounding cost/unit 0 Unit reconciliation: Units to account for Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method EUP- % Materials EUP- Materials % Conversion Units Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs Equivalent units of production EUP EUP 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 Costs of ending work in process Total cost EUP Cost per EUP Direct materials $ 0.00 0.00 Conversion $ Total cost of ending work in process Total costs accounted for
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