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 Percent Complete Conversion Percent Complete Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 4,600 15,000 15,489 4,200 100X 35% 3,518 6,978 $ 10,496 Beginning work in process inventory Direct materials 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 - Weighted Average Method For Month Ended May 31 Unit reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP)-weighted average method Direct Materials % Complete EUP Conversion % Complete EUP Units Total units Cost por equivalent unit of production Direct Materials Conversion Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs EUP Costs EUP EUP Cost per EUP Total cost 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 onding work in process Total costs accounted for EUP Total cost Cost per EUP $ 0.00 $ 0.00