Help Required information Problem 20-5AA FIFO: Process cost summary: equivalent units; cost estimates LO C3, C4, P4 [The following information applies to the questions displayed below.) Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming process. Conversion costs are added evenly throughout the process. During May, the Forming department started 29,250 units, and transferred 30,700 units of product to the Assembly department. Its 4,700 units of beginning work in process consisted of $140,275 of direct materials and $982,152 of conversion costs. It has 3,250 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end During the month. $640,575 of direct materials costs and $3,280,248 of conversion costs were charged to the Forming department. The following additional information is available for the Forming department. Beginning work in process consisted of 4,700 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion. . Of the 30,700 units transferred out, 4700 were from beginning work in process. The remaining 26,000 were units started and completed during May Assume that Tamar uses the FIFO method to account for its process costing system 141992227_74830.jpg 141400367_69659....jpg 140560600_90745.jpg 141126135_19780.jpg L M h F1 F12 FO % $ 4 8 9 7 3 5 6 E R Y - D J K L F G . Saved 20 Homework Required i Total costs to account for: 2 $ $ 0 Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Tpped eBook Total units to account for Total units accounted for: Print eferences Total units accounted for Equivalent units of production (EUP)- FIFO method Units % Materials EUP Materials % Conversion EUP-Conversion Graw Hill 141126135_19 140660600_90745.jpg 141400367_69659.jpg 17_43088.jpg 141992227 74830...jpg O ype here to search 40+ F10 FT F 8 @ $ 4. & 7 2 8 9 3 5 6 Q E R T S F. D G G K H . ducation.com Help Saved omework Required i Required information Materials Conversion Total units Cost per equivalent unit of production Costs Costs EUP EUP 0 0 0 0 0 Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost Cost to complete beginning inventory EUP Direct materials Conversion Cost per Total cost EUP es $ ol Total cost to complete beginning inventory Total cost of units in beginning inventory ..... Cost per T. s 6 7 We of 9 A 141126135 19780.jpg 140660600_90745.jpg M 141400367_69659.jpg 288.jpg 141992227_74830.jpg L 0 O ere to search F11 FIO F8 X. E & 7 $ 4 % 5 0 9 8 6 2 3 P R Y E U T G H J K L F D S Saved nework Required in Intarnet net in miniato haninin intrant Required information Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed EUP Cost per EUP Total cost $ 0 $ 0.00 Direct materials Conversion Total cost of units started and completed Total cost of units transferred out EUP Cost per Total cost EUP $ 0.00 $ $ 0.00 0 0 Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for co 6 7 141126135_19780.jpg 140660600 90745.jpg A 141400367-69659...jpg 188.jpg 141992227_74830...jpg L OM o c ere to search e F11 F9 % @ $ 4. 9 8 7 6 5 3 2 O E Y R T H . J K G F D S Cost per Total cost EUP FUP $ 0 Required information TULGI UUSUT US Ueynum VINY Cost of units started and completed Direct materials Conversion Total cost of units started and completed Total cost of units transferred out $ 0.00 Cost per bed EUP Total cost EUP 0.00 $ 0.00 0 $ 0 GA -OOK Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for erences 7 141126135_19 140660600_90745.JPG 141400367_6965929 141992227_74830.JPG 7.43086.jpg O ype here to search es FO F10 F11 % 5 8 7 0 8 9 6 4 02 2 3 U . E W Y Q R G K K . F S A