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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 work in process inventory Materials-Percent complete Conversion-Percent complete Costs 4,700 15,500 Beginning work in process Inventory Direct materials $ 3,590 4,400 Conversion 7,248 $ 10,838 Direct materials added 255,990 100% Direct labor added 40% Overhead applied (90% of direct labor) Total costs to account for Ending work in process inventory 165,680 149,112 $581,620 $ 64,647 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 Total costs accounted for $ 0 Difference due to rounding cost/unit S 0 Unit reconciliation: Units to account for: Total units to account for
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