1.13 1 Help Save & Exit Required information (The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the compa completed and transferred 27,200 units of product to finished goods inventory. Its 4,000 units of beginning work in process consisted of $20,800 of direct materials and $266,940 of conversion costs. It has 2,900 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $641,400 of direct material costs and $2,655,540 of conversion costs were charged to production. 1. Prepare the company's process cost summary for May using the weighted average method. 1. Prepare the company's process cost summary for May using the weighted average method. Total costs to account for: Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Total units to account for Total units accounted for Total units accounted for Equivalent units of production (EUP)- wel ge method Units EUP % Materials EUP. Materials % Conversion on Conversion Total units Required information Total units Cost per equivalent unit of production Materials Conversion Costs EUP Costs EUP Cost per EUP Total cost Total costs + Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for 1 Cost per EUP Total cost