Answer A C using info Equivalent units of production (EUP) weighted average method (Forming and Packaging cost categories) Units Forming Costs EUP Forming Packaging EUP Packaging Units completed and transferred out 22,700 100 22,700 100 22,700 Ending work in process units 1,960 65 1,274 65 1,274 Total units 24,660 23,974 23,974 Cost per equivalent unit of production Forming Packaging Costs of beginning work in process 400,000 200,000 Costs incurred this period 2,497,000 579,720 Total costs Costs 2,897,000 Costs 779,720 Equivalent units of production EUP 23,974 EUP 23,974 Cost per equivalent unit of production (show 4 decimal places) 120 8392 32 5236 ASSEMBLY DEPARTMENT Equivalent units of production (EUP) weighted average method (Other Direct Material and Conversion costs) Units Other DM Costs EUP Other DM Conversion EUP Conversion Units completed and transferred out 22,700 100 22,700 100 22,700 Ending work in process units 1,960 65 1,274 65 1,274 Total units 24,660 23,974 23,974 Cost per equivalent unit of production Forming Packaging Costs of beginning work in process 27,860 339,660 Costs incurred this period 144,930 996,480 Total costs Costs 172,790 Costs 1,336,140 Equivalent units of production EUP 23,974 EUP 23,974 Cost per equivalent unit of production (show 4 decimal places) 7 2074 55 7329 ASSEMBLY DEPARTMENT Total costs accounted for Cost of units transferred out EUP Cost per EUP Total cost Forming Costs 22,700 120 8392 2,743,049 Packaging Costs 22,700 32 5236 738,285 Other Direct materials 22,700 7 2074 163,607 Conversion 22,700 55 7329 1,265,136 Total costs transferred out 4,910,077 Costs of ending work in process EUP Cost per EUP Total cost Forming Costs 1,274 120 8392 153,949 Packaging Costs 1,274 32 5236 41,435 Other Direct materials 1,274 7 2074 9,182 Conversion 1,274 55 7329 71,003 Total cost of ending work in process 275,569 Total costs accounted for 5,185,646 Assume the Finished Goods Inventory was zero units at the beginning of May and zero at the end of May How many units did they sell during May If Tamar Co , Ltd sold each unit for $300 each, what would their sales revenue be Write the journal entry to record the sales revenue for May How much is their expense (COGS) Write the journal entry to record the COGS for May Post this entry to the Finished Goods account

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Answer A-C using info

Equivalent units of production (EUP)- weighted average method (Forming and Packaging cost categories)
	Units	% Forming Costs	EUP- Forming	% Packaging	EUP- Packaging
Units completed and transferred out	22,700	100%	22,700	100%	22,700
Ending work in process - units	1,960	65%	1,274	65%	1,274
Total units	24,660		23,974		23,974
Cost per equivalent unit of production			Forming		Packaging
Costs of beginning work in process			400,000		200,000
Costs incurred this period			2,497,000		579,720
Total costs		Costs	2,897,000	Costs	779,720
Equivalent units of production		EUP	23,974	EUP	23,974
Cost per equivalent unit of production (show 4 decimal places)			120.8392		32.5236

ASSEMBLY DEPARTMENT
Equivalent units of production (EUP)- weighted average method (Other Direct Material and Conversion costs)
	Units	% Other DM Costs	EUP- Other DM	% Conversion	EUP- Conversion
Units completed and transferred out	22,700	100%	22,700	100%	22,700
Ending work in process - units	1,960	65%	1,274	65%	1,274
Total units	24,660		23,974		23,974
Cost per equivalent unit of production			Forming		Packaging
Costs of beginning work in process			27,860		339,660
Costs incurred this period			144,930		996,480
Total costs		Costs	172,790	Costs	1,336,140
Equivalent units of production		EUP	23,974	EUP	23,974
Cost per equivalent unit of production (show 4 decimal places)			7.2074		55.7329

ASSEMBLY DEPARTMENT
Total costs accounted for:
Cost of units transferred out:	EUP	Cost per EUP	Total cost
Forming Costs	22,700	120.8392	2,743,049
Packaging Costs	22,700	32.5236	738,285
Other Direct materials	22,700	7.2074	163,607
Conversion	22,700	55.7329	1,265,136
Total costs transferred out				4,910,077
Costs of ending work in process	EUP	Cost per EUP	Total cost
Forming Costs	1,274	120.8392	153,949
Packaging Costs	1,274	32.5236	41,435
Other Direct materials	1,274	7.2074	9,182
Conversion	1,274	55.7329	71,003
Total cost of ending work in process				275,569
Total costs accounted for				5,185,646

1. Assume the Finished Goods Inventory was zero units at the beginning of May and zero at the end of May. How many units did they sell during May?
1. If Tamar Co., Ltd. sold each unit for $300 each, what would their sales revenue be? ____________Write the journal entry to record the sales revenue for May.
2. How much is their expense (COGS)? _____________ Write the journal entry to record the COGS for May. Post this entry to the Finished Goods account