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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.) Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 4,300 Units started this period 13,500 Completed and transferred out 14,200 Ending work in process inventory 3,600 1004 40 Beginning work in process inventory Direct materials $ 3,240 Conversion 6.168 $ 9,408 Costs added this period Direct materials 221,990 Conversion 269,192 491, 182 Total costs to account for $ 580,590 OSLO COMPANY -First Department Production Cost Report - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for: Total units to account for Units accounted for Total units accounted for Equivalent units of production (EUP) - weighted average method Direct Materials Conversion Total units accounted for Equivalent units of production (EUP) - weighted average method Direct Materials % Complete EUP Conversion % Completo EUP Units Equivalent Units of Production Cost per equivalent unit of production Direct Materials Conversion Costs EUP Costs EUP 0 0 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 EUP Cost per EUP Total cost EUP Total cost Ending work in process Direct materials Conversion Cost per EUP $ 0.00 $ 0.00 Total costs accounted for
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