Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May Units Beginning work in process inventory Started Ending work in process inventory Costs 4,100 Beginning work in process inventory 12,500 Direct materials $2,980 5,628 Conversion $ 8,608 205,350 129,686 114,556 $458,194 $ 52,661 Status of ending work in process inventory Direct materials added 100% Direct labor added Materials-Percent complete Conversion-Percent complete 30% Overhead applied (88% of direct labor) Total costs to account for Ending work in process inventory Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation. Use the weighted-average method. (Do not round intermediate calculations. Round "Cost per EUP" to 2 decimal places.) Total costs to account for: osts of beginning work in process 8,608 449,586 $458,194 458,194 osts incurred this period Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Beginning work in process inventory Units started this period 4,100 12,500 Equivalent units of production (EUP)- weighted average method EUP Conversion Units % Materials EUP- 100% 100% Materials % Convers 13,400 3,200 16,600 ion 100% 30% 13,400 960 14,360 nits completed and transferred out 13,400 3,200 16,600 nding work in process Total units Cost per equivalent unit of production Cost of beginning work in process Costs incurred this period Total costs Materials Conversion 2,980 205,350 $ 208,330 16,600 12.55 5,628 244,236 $ 249,864 14,360 17.40 Costs 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 EUP EUP Cost per EUP Total cost Direct materials 13,400$ 12.55$ 168,170 17.40 Conversion 13,400 233,160 Total costs transferred out $ 401,330 Costs of ending work in process EUP Cost per EUP Total cost Direct materials 3,200$ 12.55$40,160 17.40 Conversion 960 16,704 Total cost of ending work in process Total costs accounted for 56,864 $458,194