2 Exercise 20-17 (Algo) Weighted average: Production cost report LO P2 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 Conversion Beginning work in process inventory Units started this period Completed and transferred out Ending work in process Inventory Units Percent Complete Percent Complete 4,600 15,000 15,400 4,200 100% 35% Direct materials Beginning work in process inventory Conversion $ 3,518 6,978 $ 10,496 Costs added this period Direct materials 247,400 Conversion 303,392 Total costs to account for 550,792 $ 561,288