Oslo Company produces large quantities of a standardized product. The following information is available for the test production department for May Prepare a production cost report for this process using the weighted average method (Round "Cost per EUP" to 2 decimal places.) Eeginning work in process inventory Uults started this period Completed and transferred out units 5,300 10,500 18,2001 Direct Materiais Percent Complete Conversion Percent Complete 5,600 100% 50% Ending work in process inventory Beginning work in process inventory Direct materials Conversion Casts added this period trect materials Conversion fetal custs to account for $ 4,154 ,068 10,790 383,192 $13,022 693-1982 $ 705,004 Units to account for Total units to account for Units accounted for Total units accounted for Esant sets of ducsia UPS USED COMIVANY Find Department Pradaction Cost Report-Weighted Average Method For Month Ended May 31 ave age method Direct Materials Conversion Complete RUP % Complete EUP Total units to account for Units accounted for Total units accounted for qurants of production (EUP) weighted average method Equivalent Units of Production Cest per squivalent and of production Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimats) Cast Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Unect Malenals Conversion % Complete ELID Completa EUP Costs EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 S 0.00 Conversion Costs EUP 0 0 Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Percent Complete 65% Conversion Percent Complete 35% Units Beginning work in process inventory 81,000 Units started this period 427,000 Completed and transferred out 405,000 Ending work in process inventory 103,000 30% Exercise 16-11A (Algo) FIFO: Costs assigned to output LO C2 The production department had the cost information below. Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $222,485 65,382 $287,867 1,434,675 1,002,573 2,437,248 $2,725,115 (a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. (Round "Cost per EUP" to 2 decimal places.) (b) Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at period-end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.) (a) Calculate the costs per equivalent unit of production for both direct materials and conversion for the department. (Round "Cost per EUP" to 2 decimal places.) (b) Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at period-end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Required a. Cost per equivalent unit of production: FIFO method Costs added this period Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Required b. Cost assignment-FIFO Beginning work in process Direct Materials Conversion $ 1,434,675 $ 1,002,573 To complete beginning work in process EUP Cost per EUP Total cost Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for EUP Cost per EUP Total cost $ 0.00 $ 0 0.00 0 EUP Cost per EUP Total cost $ 000 $ 0 0.00 0 Required Information Use the following information for the Exercises below. (Algo) [The following Information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Units Beginning work in process inventory 81,000 Percent Complete 65% Percent Complet 35% Units started this period 427,000 Completed and transferred out 405,000 Ending work in process inventory 103,000 80% 30% rcise 16-11A (Algo) FIFO: Costs assigned to output LO C2 production department had the cost information below. inning work in process inventory irect materials onversion s added this period rect materials nversion costs to account for $ 222,485 65,382 $ 287,867 1,434,675 1,002,573 2,437,248 $ 2,725,115 culate the costs per equivalent unit of production for both direct materials and conversio o 2 decimal places.) gn costs to the department's output-specifically, to the units transferred out and to the end. Use the FIFO method. (Round "Cost per EUP" to 2 decimal places.) d a