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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

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.)

Units Direct Materials Conversion
Percent Complete Percent Complete
Beginning work in process inventory 4,800
Units started this period 16,000
Completed and transferred out 16,200
Ending work in process inventory 4,600 100% 25%

Beginning work in process inventory
Direct materials $ 3,611
Conversion 7,518 $ 11,129
Costs added this period
Direct materials 264,640
Conversion 326,192 590,832
Total costs to account for $ 601,961

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