Cleveland Tile produces ceranic tiles using two sequential production departments: Tile-Forning ad Tile-Finishing. The following information was found for Cleveland Tile's first production process, the Tile-Forming Departmernt. (Click the icon to view the data for the Tile-Forming Department.) Use the five steps of process costing to calculate the cost that should be assigned to (1) units completed and transferred out and (2) units still in ending work in process inventory. Then prepare the joumal entry needed at month-end to transfer the costs associated with the formed tiles to the next department, Tile-Finishing Begin by summarizing the physical flow of units and computing total equivalent units for direct materials and for conversion costs. Cleveland Tile: Tile-Forming Department Equivalent Unit Computation Month Ended May 31 Data Table Equivalent Units Flow of Physical Units Direct Conversion Cleveland Tile Tile-Forming Department Month Ended May 31 Flow of Production Materials Costs Units to account for Information about units Beginning work in process, May 1 Started in production during May Completed and transferred to Finishing Department during May Ending work in process, May 31 (25% complete as to direct 2,100 units 16,900 units 17,000 units Units accounted for: materials, 55% complete as to conversion cost) Information about costs 2,000 units Beginning work in process, May 1 (consists of $900 of direct materials costs Total equivalent units 5,000 S 6,100 S 33,910 and $4,100 of conversion costs) Next, summarize total costs to account for. Direct materials used in May Conversion costs incurred in May Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Next, summarize total costs to account for. Cleveland Tile: Tile-Forming Department Costs to Account for Month Ended May 31 Direct Materials Costs Total Total costs to account for Calculate the cost per equivalent unit. (Enter the cost per equivalent unit to the nearest cent) Cleveland Tile: Tile-Forming Department Cost per Equivalent Unit Month Ended May 31 Direct Conversion Materials Costs Cos t per equivalent unit Now we can calculate the total cost of the units completed and transferred out and the total cost of the ending work in process. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round the total costs to the nearest whole dollar) Cleveland T e: Tile-Forming Department Month Ended May 31 Assigning Costs Direct Conversion Total Materials Costs Completed and transferred out: Ending work in proce5s: Total costs accounted for Finally, journalize the transfer of costs to the Finishing Department. Record debils first, thern credils. Exclude explanations from any joumal entries.) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next