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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. Beginning work in process investory Started Ending work in process inventory Status of ending work in process investory Materials-Percent complete Conversion-Percent complete Costa 4,300 Beginning work in process inventory Direct materials Conversion 16.000 4,500 Direct materials added 25% Overhead applied 10 of direct labor) Total costs to account for 100% Dieet Laber added 3,611 7,518 $11.129 364,640 171,480 154,513 $501,960 Ending work in process inventory $65,336 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 Casts of beginning work in process Costs incurred this period Total costs to account for $ Total costs accounted for Difference due to rounding costunit $ Unit reconciliation Units to account for Total unite to account for Total units accounted for Total units accounted for Equivalent units of production (EUP)-weighted average method Total units Cost per equivalent unit of production Total costs Units Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimale) Tetat costs accounted for Cost of units transferred out Conversion Total costs traded out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Materials EUP. Materials % Conversion EUP-Conversion Costs EUP Materials EUP Cost per EUP Total cost EUP $ $ Cost per EUP 0.00 0.00 Total cost Costs EUP Conversion
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