KEquirea iNTormation [The following information applies to the questions displayed below.] 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 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production. Prepare the company's process cost summary for May using the weighted-average method. Total costs to account for: Costs of beginning work in process 347,240 S Costs incurred this period 3,016,700 3.363.940 Total costs to account for Total costs accounted for Difference due to rounding cost/unit S 0 Unit reconciliation: Units to account for Beginning work in process inventory units 5,400 Units started this period 18,100 Total units to account for 23.500 Total units accounted for Units completed and transferred out 23,500 Ending work in process units 3,600 Total units accounted for 27,100 Equivalent units of production (EUP)- weighted average method EUP- Units % Materials EUP- Materials % Conversion Conversion Units completed and transferred out 23,500 1009% 23,500 1009% 23,500 Ending work in process units 3,600 1009% 3,600 80% 2,880 Total units 27,100 27,100 28,380 Cost per equivalent unit of production Materials Conversion Costs of beginning work in process S 17,300 Costs incurred this period 497,600 Total costs Costs S 514.900 Costs Equivalent units of production EUP EUP Cost per equivalent unit of production 0 0 Total costs accounted for: Cost per EUP Cost of units transferred out Total cost EUP Direct materials Conversion Total costs transferred out Cost per Costs of ending work in process EUP Total cost EUP Direct materials S 0.00 0 Conversion 0.00 C Total cost of ending work in process Total costs accounted for