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Just number 2 please i will give a outstanding review! 0) Category (connect) (multiply) Category Formin- Packaging Dlrect Material Costs 378 000 m Other DM

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Just number 2 please i will give a outstanding review!

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0) Category (connect) (multiply) Category Formin- Packaging Dlrect Material Costs 378 000 m Other DM 1890 000 Costs Added (increases) to Assembly department: The journal entry made in Q21 to transfer costs OUT of the rst department Forming and into the Assembly department are considered \"Forming\" category costs for purposes of process costing calculations for the second department- ASSEMBLY. Include the amount 'om your Q21 journal entry in the Assembly Column for the \"Forming Costs\" row in the table below. Use the direct material costs ADDED/Incurred to the rst department to calculate BOTH the Packaging costs and Other DM costs added/incurred in the second department-Assembly (use the respective \"factors\". m Assembly 301 500 453,600 226 800 Conversion Total Costs 1,091,900 Added/Incurred 2) Accounting for added costs (journal entries and T accounts): Using the information on connect and above complete the following: a) h) s) 11) Include May's beginning account balance for WIPForming and WIP-Assembly (totals from table in 1b) in the T accounts at the top of the project. Raw material requests are made for direct material to the Forming Department, \"other direct material\" and \"Packaging\" for the Assembly Department. Write the journal entry to record the raw material requested and charged (added/incurred) to BOTH the departments during May. Note This can be written as one compound journal entry or as three separate journal entries (93, for each cost category) Assume the conversion costs (use amounts from 1c) consists of 45% direct labor and the remainder is factory overhead. There is no indirect labor for Tamar Co. Write the journal entry to record the wages charged (added/incurred) to BOTH departments in May. Write the journal entry to record the overhead applied to BOTH departments for May. (55% of conversion costs). Post ALL the journal entries from above to the T-accounts at the top of the project. Post the journal entry to record the costs for the items completed and transferred out of Forming Department and movedfadded to Assembly Department. This IE should be from Question 22 of HW3.1. on CONNECT. Determine the ending balance for WIP-Forming. The ending balance should equal the dollar value in the row \"total cost of ending work in process\" as calculated in Question 21. Check that it does. Notice that the Raw Material Inventory account has a beginning and ending balance provided; $420,000 and $350,000, respectively. Calculate the amount of raw material that would have been purchased to increase the account. Write the journal entry assuming these purchases were made on account. Use these Inventory T-accounts for Tamar Co. for May as directed in the requirements below. Note - These T accounts will not be complete until you reach requirement 5c of the project. WIP-Forming WIP-Assembly Bal.5/1 $329,140 Bal. 5/1 $762,400 DM added Transferred- $416,600 $2,268,000 $2,268,000 CC added Units $1,823,760 transferred out Bal 5/31 $301,500 5/31 $3,030,400 Raw Material Inventory Finished Goods Inventory Bal 5/1 420,000 $416,000 Bal 5/1 -0- DM $200,000 Packaging $8,680 Other Dm Purchase(Squeeze) $554,680 Bal 5/31 350,000 Bal 5/31 -0-Required information [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 19,450 units and transferred 21,000 units of product to the Assembly department. Its 4,900 units of beginning work in process consisted of $21,700 of direct materials and $307,440 of conversion costs. It has 3,350 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $416,600 of direct materials costs and $1,823,760 of conversion costs were charged to the Forming department. B Costs in Beginning WIP-Assembly Forming Cost Forming Costs Factor Assembly Cost Assembly Category (connect) (multiply) Category N/A N/A given value Forming $400,000 N/A N/A given value Packaging 200,000 Direct Material Costs $21,700 0.40 Other DM $8,680 Conversion Costs $307,440 0.50 Conversion $153,720 Total Costs $329,140 $762,400 O

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