looking at the date in the first 3 pictures how would i solve for these questions?
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Answer is complete and correct. Total costs to account for Costs of beginning work in process Costs incurred this period $ 278,540 3,002,140 $ 3,280,680 Total costs to account for: O Total costs accounted for 3,280,680 Difference due to rounding costunit $ 0 Unit reconciliation: Units to account for: Beginning work in process inventory - units 3,800 Units started this period 25,200 Total units to account for 29,000 Total units accounted for: Units completed and transferred out 26,200 Ending work in process - units 2,800 Total units accounted for 29,000 Equivalent units of production (EUP)-weighted average method Units % Materials EUP- Materials EUP- Conversion 26,200 26,200 Conversion 100% 80% 100% 100% 26,200 2.800 2,800 2,240 Units completed and transferred out Ending work in process units Total units Coat por equivalent unit of production Costs of beginning work in process 29,000 29,000 28.440 Materials Conversion 20,600 IS 257,940 . AN Ennn Required Information 2,800 100% 2,800 80% 2,240 29,000 29,000 28.440 Conversion $ 257,940 Ending work in process units Total units Cont par equivalent unit of production Costs of beginning work in process Costs incurred this period Total costs + Equivalent units of production Cost per equivalent unit of production Total costs accounted for 2,500,740 Materials 20,600 501,400 $ 522,000 29,000 $ 18.00 Costs Costs IS 2,758,680 EUP EUP 28.440 $ 97.00 Cost per Cost of units transferred out EUP Total cost EUP Direct materials 26,200 $ 18.00 $ 471,600 Conversion 26,200 $ 97.00 2,541,400 Total costs transferred out $ 3,013,000 EUP Costs of ending work in process Cost per EUP Total cost 2,800 S 18.00 Direct materials 50,400 2 240 $ 97.00 217,280 Conversion 267,680 Total cost of ending work in process $ 3,280,680 Total costs accounted for MacBook Air 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 25,200 units and transferred 26,200 units of product to the Assembly department. Its 3,800 units of beginning work in process consisted of $20,600 of direct materials and $257,940 of conversion costs. It has 2,800 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $501,400 of direct materials costs and $2,500,740 of conversion costs were charged to the Forming department 2. Prepare the journal entry dated May 31 to transfer the cost of units to Assembly. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Answer is complete and correct. No Dato General Journal Debit Credit 1 May 31 3,013,000 Work in process inventory-Assembly Work in process inventory_Forming 3,013,000 CD Overview: The connect question addresses the calculations to determine the amount of costs to be transferred from the first of two production departments into the second department. The first production department includes only two cost categories. Costs for the second of two production departments are calculated based on relationships to the first department costs. Once the cost inputs for the second production department are determined the calculation of costs to be transferred to finished goods inventory. The project summarizes the accounting for these transactions with Journal entries and T account postings. Accounting is included for the sale of this inventory and analyzed using various financial statement analysis ratios. The potential impact to the financial statements is explored regarding utilization of incorrect percentage of completion estimates in the calculation. Use the provided information and your work from Questions 21 and 22 from HW3.1 for Tamar Co. to complete the requirements for the project. Remember that Tamar Co. manufactures a product in two departments, Forming and Assembly. The company uses TWO Work-in-Process inventory accounts to track costs for each department. Once the product is completed in the Forming department, costs are transferred out of WIP-Forming and into WIP-Assembly. 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 Raw Material Inventory Bal 5/1 420,000 Finished Goods Inventory Bal 5/1-O- Bal 5/31 350,000 Bal 5/31 -0- 1) Information for Second Department: The analysis you completed on connect for Tamar Co. relates to their FIRST department-Forming. We will use information from this department to calculate values for you to use in the SECOND department - Assembly later in the project. a) Units: Include the number of units in beginning and ending inventory for the Forming department in the table below - Forming column. (These can be found in the paragraph of given information of Question 21 on HW3.1). Multiply the units by the "factors" provided in the table to calculate the number of units for Assembly's beginning and ending inventory. Units in WIP-Assembly Formning (connect) Factor (multiply) 1.20 0.80 Assembly Beginning # of units Ending # of units b) Beginning Inventory Costs for Assembly: The assembly department will have 4 categories of costs for its process costing calculations; Forming Costs (transferred in from first department), Packaging costs (one category of direct material, Other direct material (a 2nd category of direct material) and Conversion costs (category combining direct labor and overhead). For the cost in the Assembly department's beginning inventory, use the BEGINNING costs for direct material and conversion from the Forming department (connect) and the factors provided below to calculate the "other direct material and conversion costs in beginning inventory for Assembly department. Add all cost categories together for the "Total Costs. These amounts should be the beginning balance in the T accounts at the top of the project. Assembly Forming Cost Category NA NA Direct Material Costs Conversion Costs Total Costs Costs in Beginning WIP-Assembly Forming Costs Factor Assembly Cost (connect) (multiply) Category NA given value Forming NA given value Packaging 0.40 Other DM 0.50 Conversion $400,000 200,000 c) Costs Added (increases) to Assembly department: The journal entry made in Q21 to transfer costs OUT of the first 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 from 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 first department to calculate BOTH the Packaging costs and Other DM costs added/incurred in the second department-Assembly (use the respective "factors". Assembly Forming Cost Category transferred OUT Direct Material Costs Direct Material Costs Conversion Costs Costs Added/Incurred in WIP-Assembly Forming Costs Factor Assembly Cost (connect) (multiply) Category NA Q21 JE Forming 636,100 1.20 Packaging 636,100 0.60 Other DM 2,276,640 1.50 Conversion Total Costs Added/Incurred 2,914,600