mework Tomar 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 33,200 units of product to finished goods inventory. Its 5,200 units of beginning work in process consisted of $113,790 of direct materials and $1,057,888 of conversion costs. It has 3,500 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $756,000 of direct material costs and $3,514,112 of conversion costs were charged to production. Beginning work in process consisted of 5,200 units that were 100% complete with respect to direct materials and 40% complete with respect to conversion . Of the 33.200 units completed, 5.200 were from beginning work in process. The remaining 28,000 were units started and completed during May. Assume that Temer uses the FIFO method to account for its process costing system. Problem 16-5A Part 1 1. Prepare the company's process cost summery for May using the FIFO method. (Round "Cost per EUP" to 2 decimal places.) Total costs to account for: S 0 Total costs to account for: Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Unite to account for: $ Total units to account for Total units accounted for: Total unite accounted for Equivalent unite of production (EUP)- FIFO method Unite 5. Materials EUP-Materiale % Conversion EUP. Conversion 0 Total units Cost per equivalent unit of production Materiale Conversion Costs Costs EUP 0 EUP 0 0 Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost Cost to complete beginning inventory EUP Cost per EUP Total cost Direct materials S 0 Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed EUP Cost per EUP Total cost $ 0 Direct materials Conversion Total cost of units started and completed S 0.00