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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. Prepare
Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. Prepare a process cost summary report for this process using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)
i Saved Oslo Company produces large quantities of a standardized product. The following Information is available for the first process in its production activities for May. Units Beginning work in process inventory Started Ending work in process inventory 5,900 21,500 6,800 Costs Beginning work in process inventory Direct materials Conversion $ 4,669 10,488 Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 40% Overhead applied (90% of direct labor) Total costs to account for Ending work in process inventory $ 15,157 363,750 237,680 213,912 $830,499 $ 90,197 Prepare a process cost summary report for this process using the welghted-average method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for Ending work in process inventory $830,499 $ 98,197 1 Prepare a process cost summary report for this process using the welghted average method. (Round "Cost per EUP" to 2 decimal places.) 5.3 points 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 Total costs Costs Costs EUP EUP Cost per EUP Total cost - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Cost of units transferred out: EUP Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP Total cost MC Graw HillStep by Step Solution
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