CHAPTER 16 PT 3 *****PLEASE READ FOR DIRECTIONS**** PLEASE USE THE CORRECT TEXT OPTIONS!!! FOR PART ONE, under "total costs to account for" the TWO text options are: Costs transferred out, costs uncurred this period, costs of ending work in process, cost of beginning work in process and raw materials purchases Under the chart title, "unit reconciliation:" the FOURtext options are, BEGINNING WORK IN PROCESS INVENTORY - UNITS, UNITS COMPLETED AND TRANSFERRED OUT, UNITS STARTED THIS PERIOD AND ENDING WORK IN PROCESS UNITS. Under the chart "equivalent units of production" the THREE text options are: FIRST COLUMN ROW ONE: BEGINNING WORK IN PROCESS INVENTORY - UNITS, UNITS COMPLETED AND T5RANSFERRED OUT, UNITS STARTED THIS PERIOD. FIRST COLUMN ROW TWO: TOTAL UNITS ACCOUNTED FOR, TOTAL UNITS TO ACCOUNT FOR, UNITS COPLETED AND TRANSFERRED OUT, UNITS STARTED AND COMPLETED THIS PERIOD, AND UNITS STARTED THIS PERIOD. FIRST COLUMN ROW 3: ENDING WORK IN PROCESS - UNITS TOTAL UNITS ACCOUTNED FOR, TOTAL UNITS TO ACCOUNT FOR,UNITS COMPLETED AND TRANSFERRED OUT, AND UNITS STARTED THIS PERIOD. Under the chart "cost per equivalent unit of production" the first column has text options:COSTS TRANSFERRED OUT, COSTS INCURRED THIS PERIOD, COST OF ENDING WORK IN PROCESS, COST OF BEGINNING WORK IN PROCESS.

FOR PART 2: TEXT OPTIONS FOR ALL 6 BLANKS ARE: ACCOUNTS RECEIVABLE, CASH, FACTORY OVERHEAD, FACTORY PAYROLL, FINISHED GOODS INVENTORY, OTHER ACCOUNTS, RAW MATERIALS INVENTORY, WORK IN PROCESS INVENTORY

[The following information applies to the questions displayed below.]

Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 31,200 units of product to finished goods inventory. Its 4,800 units of beginning work in process consisted of $117,600 of direct materials and $676,656 of conversion costs. It has 3,300 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $727,650 of direct material costs and $3,485,664 of conversion costs were charged to production.

	Beginning work in process consisted of 4,800 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion.
	Of the 31,200 units completed, 4,800 were from beginning work in process. The remaining 26,400 were units started and completed during May.

Assume that Tamar uses the FIFO method to account for its process costing system

Document1- Word FILE HOME INSERT DESIGNPAGE LAYOUT REFERENCES MAILINGSREVIEW VIEW Sign in 16.66 ponts Navigati..TX Prepane the companys process cot summary for May using the FFO method Round "Coct per EUP to 2 deolmal places) Search docume ootts to acoount HEADINGS PAG Total costs to account tor Total costs accouned for Create an interactive Units to scoount for outline of your document. Total units to soount for Totsl untts aoounted for It's a great way to keep track of where you are or quickly move your content around Tots unite aosounted for Units 96 Materials P-Materials %ConverGlon To get started, go to the Home tab and apply Heading styles to the headings in your document. Total costs EUIP EUP Begining Inventory Cost Coct perTol oct to compicte begining Iventary EUP EUP Drect malela's Total ooset of units in beginning invetory Coct perTot EUP EUP Drect malorias Total oost of unts transferred out EUP Coet per Total ooct ofending work In proces Drect malorias 0.00 Total oct df ending work in process Total oosts acoounted for PAGE 1 OF1 0 WORDS + 809% 9:28 PM 0 ^q) 7/20/2016 Search the web and Windows