Oslo Company produces large quantities of a standardized product. The following information is available for the first process in its production activities for May. 24 Units Beginning work in process inventory Started Ending work in process inventory Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Costs 5,eee Beginning work in process inventory 17,000 Direct materials 5, eee Conversion Direct materials added 1ees Direct labor added 354 Overhead applied (904 of direct labor) Total costs to account for Ending work in process inventory $ 3,830 8.958 $ 11,888 282, 120 183,680 165, 312 $643,000 570,367 Prepare a process cost summary report for this process using the weighted average method. (Round "Cost per EUP" to 2 decimal places.) $ 11,888 631.112 643.000 $ 5 0 Total costs to sccount for Costs of beginning work in process Costs incurred this period Total costs to account for Total costs accounted for Difference due to rounding costunit Unit reconciliation Units to account for: Beginning work in process inventory Units started the period Total units to account for Total units accounted for: Units completed and vaniserted out Ending work in process 5.000 17.000 22.000 17.000 5,000 % Materials EUP. Materials % Conversion EUP. Conversion $ $ Units started this period 17,000 Total units to account for 22,000 Total units accounted for: Units completed and transferred out 17,000 Ending work in process 5,000 Total units accounted for 22.000 Equivalent units of production (EUP). Weighted average method Units Units completed and transferred out Ending work in process Total units Cont per equivalent unit of production Cost of beginning work in process Costs incurred this period 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 Materials 3,830 282,120 285,950 5,000 57.19 Conversion 8,058 348,992 357,050 1.750 204.03 $ $ Costs EUP Costs EUP $ $ Cost per EUP Total cost Total cost Cost per EUP $ 0.00 $ 0.00