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9. Required information [The following information applies to the questions displayed below] Tamar Company manufactures a single product in two departments: Forming and Assembly. Information
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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 Conversion Percent Percent Units Complete Complete Beginning work in process inventory 3,600 100% 40% Units started this period 25,920 Units completed and transferred out 26,640 Ending work in process inventory 2,880 100% 80% Beginning work in process inventory Direct materials $ 23,760 Conversion 266.328 $ 290,088 Costs added this period Direct materials 596,160 Conversion 2,599,128 3,195,288 Total costs to account for $ 3,485.376 Requhed: 1. Prepare the Forming department's production cost report for May using the weighted average method. 2. Prepare the May 31 journal entry to transfer the cost of units from forming to Assembly. Required 1 Required 2 Prepare the Forming department's production cost report for May using the weighted average method. Units to account for: Total units to account for Total units accounted for: Total units accounted for Total costs + Equivalent units of production Cost per equivalent unit of production Completed and transferred out Direct materials Total Completed and transferred out Ending work in process Direct materials Conversion Total ending work in process Total costs accounted for Required 2 > View transaction list Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits. Clear entry View general journalStep by Step Solution
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