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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 Percent Percent Complete Complete Units Beginning work in process inventory 4,000 Units started this period 12,000 Completed and transferred out 13,000 3,000 100% 258 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: Total units accounted for $ 2,880 5,358 $ 8,238 197,120 234,992 432,112 $440,350 OSLO COMPANY-First Department Production Cost Report-Weighted Average Method For Month Ended May 31 Equivalent units of production (EUP)- weighted average method Direct Materials Conversion
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