Question: Exercise 16-17 (Algo) Weighted Average: Process cost summary LO P2 Oslo Company produces large quantities of a standardized product. The following information is available for

 Exercise 16-17 (Algo) Weighted Average: Process cost summary LO P2 Oslo

Exercise 16-17 (Algo) Weighted Average: Process cost summary 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 Percent Percent Complete Complete Units 6,300 23,500 22,200 7.600 100% 404 Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for $ 5,258 11,568 3 16,826 401,590 497,192 898,782 $ 915,608 OSLO COMPANY--First Department Production Cost Report --Weighted Average Method For Month Ended May 31 Unit reconciliation Units to account for

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