Question
Oslo Company produces large quantities of a standardized product. The following information is available for the first production department for May. Prepare a production
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 Complete Complete Units Beginning work in process inventory Units started this period 4,600 15,000 Completed and transferred out 15,400 Ending work in process inventory 4,200 100% 35% Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 3,518 6,978 $ 10,496 247,400 303,392 550,792 $ 561,288 Unit reconciliation: Units to account for: Beginning work in process Units started this period Total units to account for Units accounted for: Completed and transferred out Ending work in process Total units accounted for OSLO COMPANY-First Department Production Cost Report - Weighted Average Method For Month Ended May 31 Equivalent units of production (EUP) - weighted average method Beginning work in process Units started this period 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 4,600 15,000 19,600 15,400 4,200 19,600 Direct Materials Conversion Units % Complete EUP % Complete EUP Costs 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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