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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 Units

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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 Units Beginning work in process inventory Started Inding work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costa 6,400 neginning work in process inventory 24,000 Direct materials 7.800 Conversion $ 5,310 11.08 Direct materials added 1005 Direct labor added 251 overhead applied (904 of direct labor) Total costs to account for Ending work in process inventory 5.17.140 411.200 267,680 240,912 $936,940 $98,938 Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: Total costs to account for Total costs accounted for Difference due to rounding costunit 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 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

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