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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.
Note: Round "Cost per EUP" to decimal places.
tabletableOSLO COMPANY First DepartmentProduction Cost Report Weighted Average MethodFor Month Ended May Unit reconciliation:Units to account for:LTotal units to account forUnits accounted for:aLTotal units accounted forEquivalent units of production EUP weighted average methodDirect Materials,ConversionUnits, Complete,EUP, Complete,EUPLEquivalent Units of ProductionCost por equivalent unit of production,,,Direct Materials,,ConversionTotal costs,,Costs,,Costs, Equivalent units of production,,EUP,,EUP,Cost per equivalent unit of production rounded to decimalsCost AssignmentCompleted and transferred out,EUP,Cost per EUP,Total cost,,Direct materialsConversionEnding work in process,EUP,Cost per EUP,Total cost,,Direct materials,ZConversionTotal costs accounted for,,,,,
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