Question: i just need the conversion % for equivalent units of production-weighted average method Oslo Company produces large quantities of a standardized product The following information

 i just need the conversion % for equivalent units of production-weighted
average method Oslo Company produces large quantities of a standardized product The
i just need the conversion % for equivalent units of production-weighted average method

Oslo Company produces large quantities of a standardized product The following information is available for the first process in its production activities for May Units Beginning work in process inventory Started Ending work in process inventory Costs 4,000 Beginning work in process Inventory 12,000 Direct materials 3,000 Conversion Status of ending work in process inventory Materials-Percent complete Conversion-Percent complete Direct materials added 100% Direct labor added 25% Overhead applied (90% of direct labor) Total costs to account for Ending work in process inventory $ 2,880 5.58 $ 8,238 197,120 123,680 111,312 5440,350 $ 50,610 Prepare a process cost summary report for this process using the weighted average method (Round "Cost per EUP" to 2 decimal places.) Prepare a process cost summary report for this process using the weighted average method (Round "Cost per EUP" to 2 decimal places.) % Conversion EUP Conversion Total costs to account for: Costs of beginning work in process S 8.238 Costs incurred this period 432 112 Total costs to account for S 440,350 Total costs accounted for 50.610 Difference due to rounding cost/unit $ 389,740 Unit reconciliation: Units to account for: Beginning work in process inventory 4,000 Units started this period 12.000 Total units to account for 16,000 Total units accounted for: Units completed and transferred out 13,000 Ending work in process 3,000 Total units accounted for 16,000 Equivalent units of production (EUP)-weighted average method Units Materials EUP. Materials Units completed and transferred out 13 000 100% 13,000 Ending work in process 3000 100% 3,000 Total units 16 000 16,000 Cost per equivalent unit of production Materials Cost of beginning work in process 2.880 Costs incurred this period 197 120 Total costs Costs $ 200,000 Equivalent units of production EUP 15,000 Cost per equivalent unit of production (rounded to 2 decimals) $ 1250 Total costs accounted for Cost of units transferred out EUP Cost per EUP Total cost Direct materials 13,000 s 1250 $ 162,500 Conversion $ 17:48 Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct matenals 3,000 $ 1250 $ 37.500 Conversion 750 $ 17.48 13. 110 Total cost of ending work in process Total costs accounted for Conversion 5358 234.992 $ 240,350 13.750 $ 17.48 Costs EUP $ 50,610 50 610

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