Exercise $16-17($Algo$)$ Weighted average: Production cost report LO P$2$

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 $2$ decimal places.

Units Direct Materials Conversion

Percent Complete Percent Complete

Beginning work in process inventory $5,600$

Units started this period $20,000$

Completed and transferred out $19,400$

Ending work in process inventory $6,200100\%25\%$

Beginning work in process inventory

Direct materials $ $4,581$

Conversion $9,678$ $ $14,259$

Costs added this period

Direct materials $336,000$

Conversion $417,392753,392$

Total costs to account for $ $767,651$Exercise $16-17($Algo$)$ Weighted average: Production cost report LO P$2$

points

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 $2$ decimal places.