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2 part question plz help with both - Required information Problem 03-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4
2 part question plz help with both
- Required information Problem 03-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 [The following information applies to the questions displayed below) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 23,850 units and transferred 24,700 units of product to the Assembly department. Its 3,500 units of beginning work in process consisted of $20,300 of direct materials and $244.440 of conversion costs. It has 2,650 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $636,100 of direct materials costs and $2,276,640 of conversion costs were charged to the Forming department Problem 03-4A Part 1 1. Prepare the Forming department's process cost summary for May using the weighted average method. Total costs to account for: Problem 03-4A Part 1 1. Prepare the Forming department's process cost summary for May using the weighted average method. Total costs to account for: Total costs to account for: $ 0 5 0 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 10 THIN HER HESHTI HR Required information Total units accounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion EUP. Conversion Total units Cost per equivalent unit of production Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: 0 0 EUP Cost per EUP Total cost Direct materials Conversion Required information Costs Costs EUP EUP 0 0 Total costs + Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: Direct materials EUP Cost per EUP Total cost Conversion Total costs transferred out EUP Costs of ending work in process Direct materials Cost per EUP Total cost $ 0.00 $ 0 Conversion $ 0.00 0 Total cost of ending work in process Total costs accounted for ! Required information Problem 03-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 The following information applies to the questions displayed below) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 23.850 units and transferred 24,700 units of product to the Assembly department. Its 3,500 units of beginning work in process consisted of $20,300 of direct materials and $244.440 of conversion costs. It has 2,650 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $636,100 of direct materials costs and $2,276,640 of conversion costs were charged to the Forming department Problem 03-4A Part 2 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly. (Do not round intermediate calculations. Rou your final answers to the nearest whole dollor.) Required information 1. Prepare the Forming department's process cost summary for May using the weighted-average method. Total costs to account for: $ 0 Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: $ 0 Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP) weighted average method 1. UwUULU. Required information Total units accounted for Equivalent units of production (EUP)-weighted average method Units % Materials EUP-Materials % Conversion EUP Conversion Total units Cost per equivalont unit of production Materials Conversion Costs EUP Costs EUP 0 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 EUP Cost per EUP Total cost tafaninin TID Cet A CID TA Required information Total costs Costs Costs EUP EUP 0 0 Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out. EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process EUP Cost per EUP Total cost $ 0.00 $ 0 Direct materials $ 0.00 0 Conversion Total cost of ending work in process Total costs accounted for Step by Step Solution
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