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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 cost

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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 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 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 4,400 14,000 14,600 3,800 1006 250 $ 3,303 6.438 $ 9,741 Beginning work in process inventory Direct materials Conversion Costs added this period Direet materials Conversion Total conts to account for 230,400 280,592 510,992 $ 520.733 OSLO COMPANY --First Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for $2 Total units to account for Units accounted for: Total units accounted for Units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method Direct Materials % Complete EUP Units Conversion % Complete EUP Total units Cost per equivalent unit of production Direct Materials Conversion Costs EUP Costs EUP 0 0 EUP Cost per EUP Total cost Total costs -Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion Total costs of completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Total cost Cost per EUP $ 0.00 $ 0.00

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