Oslo Company produces large quantities of a standardized product. The following information is avallable for the first process in its production activities for May Units Beginning work in process inventory Started Ending work in process inventory Costs 4,700 Beginning work in process inventory 15,500 Direct materials 4,400 Conversion 5 3,590 7,241 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete 5 10,838 255.990 165,600 Direct materials added 100% Direct labor added 40% Overhead applied (90% of direct labor) Total costs to account for Ending work in process inventory $581,520 Total costs to account for Total costs to account for Total costs accounted for Difference due to rounding costunit 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 Units Materials EUP-Materials % Conversion EUP-Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs Equivalent units of production (EUP)-weighted average method Units % Materials EUP. Materials % Conversion EUP. Conversion Total units Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost por equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Cost of units transferred out EUP Direct matonats Conversion Total costs transferred out Costs of ending work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP Total cost