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Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May Units Beginning work in process inventory Started Ending work in process Inventory Status of ending werk in process inventory Materials-Percent complete Costs 6,000 Beginning work in precess inventory 33,000 Direct materials 7,000 Conversion Direct materials added 10,758 $15,541 373,120 243,640 219,312 51,655 $90,247 Conversion-Percent complete 100% Direct labor added 25% Overhead applied (sex of direct labor) Total costs to account for Ending work in process Inventory Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for Total costs to account for $ 0 Total costs accounted for Difference due to rounding costunt $ Unit reconciliation: Units to account for
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