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Oslo Company produces large quantities of a standardized product. The following information is available for the first productio department for May. Prepare a production
Oslo Company produces large quantities of a standardized product. The following information is available for the first productio department for May. Prepare a production cost report for this process using the weighted average method. Note: Round "Cost per EUP" to 2 decimal places. Direct Materials Conversion Percent Complete Complete Percent Units Beginning work in process inventory 5,000 Units started this period 17,000 Completed and transferred out 17,000 5,000 100% 35% Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion $ 3,830 8,058 $ 11,888 282,120 348,992 Total costs to account for 631,112 $ 643,000
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