Question: O Meat Vsted Getting Started Chapter 16 4 Exercise 16-17 Weighted Average: Process cost summary LO C3 Oslo Company produces large quantities of a standardized
O Meat Vsted Getting Started Chapter 16 4 Exercise 16-17 Weighted Average: Process cost summary LO C3 Oslo Company produces large quantities of a standardized product. The following information is available for its production actrvities for May poires Beginning work in process inventory Started Ending work in process inventory s,100 Beginning work in process inventory 1,280 9-13 19,000Direct materials 5,800 Conrersion 13, 418 Scatus ot ending vork in procesa inventory DareCt Naterialaadded 317, 800 207, 68o Materials-Percent complete Conversson-Percent complete 100% D1regt labor dded 35t Ovethead epplied (70t of direet labor) 5605, 166 Total costs te account for Ending work in proceSS inventory Prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per EUP, and its cost assignment and reconciliation Use the weighted-average method. (Do not round eferencesintermediste calculations Round "Cost per EUP to 2 decimal places.) Total costs to account for otal costs accousted for Diflerence due to rouning cost/und Units to account for Total units to account for Total units accounted for
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