Help with problem 3-5A

Its beginning goods in process consisted of $59,450 of direct i n ^ Units and transferred $103,680 of factory overhead. During October, the company started 4 consisted of 20,000 units units to finished goods. At the end of the month, the goods in that were 80% complete with respect to direct labor and factory Prepare the company's process cost summary for October using the units to finished goods inventory. Prepare the journal entry dated October 31 to transfer the cost inventory. Tamar Co. manufactures a single product in one department. All direct materials are of the manufacturing process. Direct labor and overhead are added evenly t rough company uses monthly reporting periods for its weighted-average process cost accounting, company completed and transferred 22,200 units of product to finished goods inventory. Its 3,000 units of beginning goods in process consisted of $19,800 of direct materials, $123,300 of direct labor, and $98,640 of factory overhead. It has 2,400 units (100% complete with respect to direct materials and 80% complete with respect to direct labor and overhead) in process at month-end. After entries to record direct materials, direct labor, and overhead for May, the company's Goods in Process Inventory account follows The cost accounting process depends on numerous estimates. Identify two major estimates that determine the cost per equivalent unit. In what direction might you anticipate a bias from management for each estimate in part 3a (assume that management compensation is based on maintaining low inventory amounts)? Explain your answer. Refer to the data in Problem 3-5A. Assume that Tamar uses the FIFO method to account for its process costing system. The following additional information is available: Beginning goods in process consisted of 3,000 units that were 100% complete with respect to direct materials and 40% complete with respect to direct labor and overhead. Of the 22.200 units completed, 3,000 were from beginning goods in process. The remaining 19,200 were units started and completed during May