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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
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 Units Percent Complete Percent Complete Beginning work in process inventory 5,800 Units started this period 21,000 Completed and transferred out 20,200 6,600 100% 20% Ending work in process inventory Beginning work in process inventory Direct materials Conversion. Costs added this period Direct materials Conversion Total costs to account for Unit reconciliation: Units to account for: Total units to account for Units accounted for: $ 4,684 10,218 $ 14,902 354,440 440, 192 794,632 $ 809,534 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 Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Direct Materiala Conversion Units % Complete EUP % Complete EUP Direct Materials Costs Costs EUP EUP 0 Conversion
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