Homework Chapter 3 i Saved Help Save & Exit Submit Homework Chapter 3 Check my work 4 Required information Problem 3-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 [The following information applies to the questions displayed below Part 1 of 2 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 22,000 units of product to finished goods inventory. Its 5,100 units of beginning work in process consisted of $17,000 of direct materials and $316,440 of conversion costs. It has 3,450 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $390,200 of direct material costs and $1,911,960 of conversion costs were charged to production. points eBook Print Problem 3-4A Part 1 1. Prepare the company's process cost summary for May using the weighted-average method. Total costs to account for: Total costs to account for Total costs accounted for Difference due to rounding cost/unit it reconciliation: lInite to areniunt for Mc Graw Hill KPrev 4 5 of 5 Next > Homework Chapter 3 i Saved Help Save & Exit Submit Check my work Required information it reconciliation Part 1 of 2 Units to account for: Total units to account for points Total units accounted for: eBook Print References Total units accounted for Equivalent units of production (EUP)- weighted average method EUP- Conversion Units % Materials EUP-Materials % Conversion nits completed and transferred out Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs EUP Equivalent units of production Cost per equivalent unit of production Total costs accounted for EUP Cost per Homework Chapter 3 6 Saved Help Save Required information completed and transferred out Part 1 of2 Total units Cost per equivalent unit of production Materials Conversion points Total costs Costs Costs EUP Equivalent units of production Cost per equivalent unit of production Total costs accounted for Cost of units transferred out EUP Cost per EUP EUP Total cost Direct materials Conversion References Total costs transferred out Cost per EUP Costs of ending work in process EUP Total cost Direct materials 0.00S Conversion 0.00 Total cost of ending work in process Total costs accounted for Homework Chapter 3 G Saved Help Save & Exit Submit Check my work Required information Cost per equivalent unit of production Materials Conversion Part 1 of2 Total costs Costs Costs Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out EUP EUP points eBook Cost pe EUP EUP Total cost Print Direct materials Conversion Total costs transferred out Costs of ending work in process Cost pe EUP EUP Total cost Direct materials 0.00 Conversion 0.00 Total cost of ending work in process Total costs accounted for Homework Chapter 3 G Saved Help Save & Exit Submit Check my work 5 Required information Problem 3-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 The following information applies to the questions displayed below.] Part 2 of 2 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 22,000 units of product to finished goods inventory. Its 5,100 units of beginning work in process consisted of $17,000 of direct materials and $316,440 of conversion costs. It has 3,450 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $390,200 of direct material costs and $1,911,960 of conversion costs were charged to production. points eBook Print References Problem 3-4A Part 2 2. Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) View transaction list View journal entry worksheet No Date General Journal Debit Credit No Transaction Recorded Return to question 2 1. The number of physical units that were transferred out and the number that are in ending work in process inventory 2&3. The number of equivalent units for materials and conversion for the month. 4&5. The cost per equivalent unit of materials and conversion for the month. 6. The total cost of goods transferred out. 7. The total cost of ending work in process inventory. points Answer is not complete. Complete this question by entering your answers in the tabs below Required 1 Required 2 and 3 Required 4 and 5 Required 6 Required 7 The cost per equivalent unit of materials and conversion for the month. Direct Cost per Equivalent Unit of Production Cost of beginning work in process Costs incurred this period Total costs Conversion Materials s 31,000 385,000 416,000 32,000 4.00 Equivalent units of production Cost per equivalent unit of production K Required 2 and 3 Required 6