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Oslo Company produces large quantities of a standardized product. The following information is available for...

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Accounting

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.

Note: Round "Cost per EUP" to 2 decimal places.

Units Direct Materials Conversion
Percent Complete Percent Complete
Beginning work in process inventory 6,300
Units started this period 23,500
Completed and transferred out 22,200
Ending work in process inventory 7,600 100% 40%
Beginning work in process inventory
Direct materials $ 5,258
Conversion 11,568 $ 16,826
Costs added this period
Direct materials 401,590
Conversion 497,192 898,782
Total costs to account for $ 915,608

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