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Oslo Company produces large quantities of a standardized product. The following information is available for the first production department for May. Prepare a production cost
Oslo Company produces large quantities of a standardized product. The following information is available for the first 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.) Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 4,900 Units started this period 16,500 Completed and transferred out 16,600 Ending work in process inventory 4,800 100% 30% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 3,866 7,788 $ 11,654 273,350 337,592 610,942 $ 622,596 Unit reconciliation: Units to account for: Total units to account for Units accounted for: OSLO COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended May 31 Total units accounted for Equivalent units of production (EUP)-weighted average method Equivalent Units of Production Cost per equivalent unit of production Direct Materials Conversion Units % Complete EUP % Complete EUP Direct Materials Conversion Total costs Costs Costs + Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) 0 0 Equivalent Units of Production Cost per equivalent unit of production Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for DIIGOL IValerials Units % Complete Costs EUP CULTY GESIVIT EUP % Complete EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost $ 0.00 $ 0.00 Conversion Costs EUP 0 0
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