Exercise 20-17 (Static) 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 Percent Percent Complete Complete Units 4,000 12,000 13,000 3.000 100% 250 Beginning work in process inventory Unit 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 $ 2,800 5,358 $ 8,238 197, 120 234.992 432,112 $ 440,350 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 ect Materials % Complete EUP Units Conversion % Complete EUP Equivalent Units of Production Cost per equivalent unit of production Direct Materials Conversion Costs EUP Costs EUP 0 Total costs - Equivalent units of production Cost por equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion 0 EUP Cost per EUP Total cost Equivalent units of production (EUP)- weighted average method Direct Materials % Complete EUP Conversion % Completo Units EUP Equivalent Units of Production Cost per equivalent unit of production Direct Materials Conversion Costs EUP Costs EUP 0 0 Total costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Cost Assignment Completed and transferred out Direct materials Conversion EUP Cost per EUP Total cost EUP Ending work in process Direct materials Conversion Cost per EUP Total cost $ 0.00 $ $ 0.00 0 0 Total costs accounted for