Oslo Company produces large quantities of a standardized product. The following information is available for the first
Fantastic news! We've Found the answer you've been seeking!
Question:
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.)
Units | Direct Materials | Conversion | |
---|---|---|---|
Percent Complete | Percent Complete | ||
Beginning work in process inventory | 5,700 | ||
Units started this period | 20,500 | ||
Completed and transferred out | 19,800 | ||
Ending work in process inventory | 6,400 | 100% | 30% |
Beginning work in process inventory | ||
---|---|---|
Direct materials | $ 4,584 | |
Conversion | 9,948 | $ 14,532 |
Costs added this period | ||
Direct materials | 345,190 | |
Conversion | 428,792 | 773,982 |
Total costs to account for | $ 788,514 |
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date: