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2nd and third pic is 1 question. please ensure answer is fully visible and not cut off please help! Required information The following Information applies
2nd and third pic is 1 question. please ensure answer is fully visible and not cut off please help!
Required information The following Information applies to the questions displayed below.) Tamar Company manufactures a single product in two departments: Forming and Assembly, Information for the Forming process for May follows Direct Materials Percent Complete 1005 Conversion Percent Complete 405 Unita 5,250 37,800 38,850 4,200 1000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory lleginning work in procede inventory Direct materials Conversion Cont added this period Direct materials Conversion Total costs to account for $ 34,650 388,395 5423,045 369,400 3.290,395 4.659,795 35,082, 040 Assume that Tomar uses the FIFO method of process costing. The units started and completed for may total 19,200. Required: 1. Prepare the Forming department's production cost report for May using FIFO 2. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly TAMAR COMPANY-Forming Department Production Cost Report -- FIFO Method For Month Ended May 31 Unit reconciliation: Units to account for: Total units to account for Units accounted for: Total units accounted for Equivalent units of production (EUP)- FIFO method Direct Material Conversion Units Added EUP % Added EUP 0 Total units Colt per equivalent unit of production Direct Material Canon Total conto - Equivalent units of production Costs EUP Costs EUP 0 Required information EUP 0 EUP 0 0 0 Cost per EUP Total cost EUP $ 0 - Equivalent units of production Cout per equivalent unit of production Total cost accounted for: Beginning work in process To complete beginning work in process Direct materials Conversion Total to complete beginning work in process Total completed beginning work in process Started completed Direct materials Conversion Total started and completed Total completed and transferred out EUP Cost per EUP Total cost $ O $ 0.00 Ending work in process EUP Cost per EUP Total cost s 0.00 $ $ 0.00 0 0 Direct materials Conversion Total ending work in process Total cost accounted for Required 2 Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. (Do not round Intermediate calculations. your answers rounded to the nearest whole dollars.) View transaction list Journal entry worksheet Step by Step Solution
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