Required information Problem 16-4A Weighted average: Process cost summary, equivalent units, cost estimates LO C2, C3, P4 [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 22,500 units and transferred 23,200 units of product to the Assembly department Its 3,200 units of beginning work in process consisted of $20,000 of direct materials and $230,940 of conversion costs. It has 2,500 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $519,700 of direct materials costs and $2,062,260 of conversion costs were charged to the Forming department 1. Prepare the Forming department's process cost summary for May using the weighted average method. Total costs to account for: 50 $ Total costs to account for Total costs accounted for Difference due to rounding cost/unit Unit reconciliation: Units to account for: Beginning work in process inventory - units Units started this period Total units to account for Total units accounted for: Total units accounted for Faulvalent units of production (EUP)- weighted average method Required information Total units accounted 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 Total costs - Equivalent units of production Cost per equivalent unit of production Total costs accounted for: Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process Direct materials Cost per EUP Total cost 0.00 $ Total costs accounted for: Cost of units transferred out: EUP Cost per EUP Total cost Direct materials EUP Conversion Total costs transferred out Costs of ending work in process Dired materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP 0.00 0.00 Total cost $