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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. 5,700

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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. 5,700 20,500 6,400 Costs Beginning work in process inventory Direct Materials Conversion 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 Direct materials added 100% Direct labor added 30% Overhead applied (90% of direct labor) Total costs to account for Ending work in process inventory $4,584 9,948 $ 14,532 345,190 225,630 203, 112 5788,514 5 36,506 Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal ploces.) Total costs to account for: Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP]- weighted average method Units % Materials EUP-Materials % Conversion EUP. Conversion Total units Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total cost accounted for: Cost of units transforred out EUP Direct materials Conversion Total costs transferred out Costs of onding work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP Total cost

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