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Accounts payable Accounts receivable Cash Common stock Cost of goods sold Factory overhead Factory wages payable Finished goods inventory General and administrative expenses Paid-in capital

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  • Accounts payable
  • Accounts receivable
  • Cash
  • Common stock
  • Cost of goods sold
  • Factory overhead
  • Factory wages payable
  • Finished goods inventory
  • General and administrative expenses
  • Paid-in capital in excess of par value, Common stock
  • Retained earnings
  • Sales
  • Selling expenses
  • Work in process inventoryAssembly
  • Work in process inventoryFormingBeginning work in process inventory - units
  • Completed and transferred out
  • Ending work in process
  • Units started this periodCost of ending work in process
  • Cost of goods manufactured
  • Costs added this period
  • Costs of beginning work in process
  • Costs transferred out
  • Beginning goods in process inventory - units
  • Completed and transferred out
  • Total units accounted for
  • Total units to account for
  • Units started this period
Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Required: 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. Complete this question by entering your answers in the tabs below. Prepare the Forming department's production cost report for May using the weighted average method. Required information Prepare the Forming department's production cost report for May using the weighted average method. \begin{tabular}{|l|l|l|l|l|l|} \hline Cost Assignment & EUP & CostperEUP & Total cost & & \\ \hline Direct materials & & & & & \\ \hline Conversion & & & & & \\ \hline & & & & & \\ \hline Ending work in process & & & & & \\ \hline Direct materials & & & & & \\ \hline Conversion & & & & & \\ \hline & & & & & \\ \hline Total costs accounted for & & & & \\ \hline \end{tabular} Prepare the May 31 journal entry to transfer the cost of units from Forming to Assembly. Journal entry worksheet Record the transfer of goods to next department. Note: Enter debits before credits

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