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NE 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 (Round "Cost per EUP" to 2 decimal places.) Direct Materials Percent Complete Conversion Percent Complete Beginning work in process inventory Units ed this period Complete and transferred out Ending work in process inventory Units 4,600 15,000 15,400 4,200 100% 35% 53,518 6.978 5.10,496 Beginning work in process inventory Direct material Conversion Costs added this period Direct materials Conversion Total costs to account for 247,400 303,392 550,792 $561,288 OSLO COMPANY - First Department Production Cost Report - Wolghted Average Method For Month Ended May 31 pl Unit reconciliation: Units to account for: Beginning work in process Units started this period Total units to account for Units accounted for Ending work in process Completed and transferred out Total units accounted for 4,600 15,000 19 600 olo 4,200 15,400 19.600 Units 15.400 4,200 19,600 Completed and transferred out Ending work in process Total units Cost per equivalent unit of production Costs of beginning work in process Costs added this period Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Direct Materials % Complete EUP 100% 15 400 100% 4200 19.600 Direct Materials S 3,518 247 400 Costs $ 250,918 EUP 19.600 1280 Conversion % Complete EUP 100% 15,400 35% 1.470 16,870 Conversion $ 6,978 303.392 Costs $ 310.370 EUP 16,870 18.40 Cost per EUP FUP 4.200 $ 1280s 1,470 % 5 18 40 Total cost 53.760 27.048 5 80 808 Cost Assignment Completed and transferred out Direct materials Conversion Total costs of completed and transferred out Ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Cost per EUP 1280 $ 18.40 15,400 15.400 5 Total cost 197.120 283,360 + 480.480 561 288 S