prepare the cost summary for may using the weighted-average method.

Required information (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 24,000 units of product to finished goods inventory. Its 5,500 units of beginning work in process consisted of $17,400 of direct materials and $334,440 of conversion costs. It has 3,650 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $646,200 of direct material costs and $2,088,360 of conversion costs were charged to production 1. Prepare the company's process cost summary for May using the weighted average method. 1. Prepare the company's process cost summary for May using the weighted-average method. 20 points Total costs to account for: $ 0 Total costs to account for: Total costs accounted for Difference due to rounding costunit Unit reconciliation: Units to account for: $ 0 Total units to account for Total units accounted for Total Recounted for Equivalent units of production (EUP)- weighted average method Units % Materials EUP-Materials % Conversion EUP- Conversion Total units Cost per equivalent unit of production Materials Conversion Costs Costs EUP EUP 0 0 Total costs + Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out: Direct materials Conversion EUP Cost per EUP Total cost Total costs transferred out Costs of ending work in process EUP Total cost Cost per EUP $ 0.00 $ 0 $ 0.00 0 Direct materials Conversion Total cost of ending work in process Total costs accounted for Journal entry worksheet 1 Record the transfer of goods to finished goods inventory. Note: Enter debits before credits. Date General Journal Debit Credit May 31 Record entry Clear entry View general Journal