Oslo Company produces large quantities of a standardized product. The following information is available for its production activities for May. Units Costs Beginning work in process inventory started 4,400 Beginning vork in process inventory 14,000Direct materials 3, 800Conversion S 3,280 Ending work in process inventory $ 9,718 230,400 147,680 787 $499,585 $ 57,418 Status of ending work in process inventory Direct materials added Materials-Percent complete Conversion-Percent complete 100% Direct labor added 25% Overhead applied (76% 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.) costs to account for Total costs to account for Total costs accounted for Difference due to rounding costunit Units to account for Total units to account for Total units accounted for 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: Total costs to account for Total costs accounted for Diference due to rounding cost/unit it 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 Total units Cost per equivalent unit of production Materialts Conversion Total costs Costs Equivalent units of production Costs EUP EUP Total units accounted for: Total units accounted for Equivalent units of production (EUP)- weighted average method Units | % Materials EUP. Materials. % conversion EUP. Total units Cost per equivalent unit of production Materials Conversion Total costs +Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs Costs EUP EUP tal costs accounted for Cost of units transferred out: EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials 0.00 0.00 Conversion Total cost of ending work in process Total costs accounted for
